The term balance of payments refers to a nation's: a. goods ...

[imanialler]

The term balance of payments refers to a nation's:
 a. goods exports minus imports. b. record of all international transactions.
  c. capital inflows minus outflows. d. official reserves inflows minus outflows.

Question 2

If income increases from 110,000 to 120,000 and consumption from 108,000 to 114,000 . the marginal propensity to consume is:
 a. 0.40.
  b. 0.60.
  c. 0.94.
  d. 1.60.

[aliotak]

Answer to Question 1

b

Answer to Question 2

b

[imanialler]

Thanks for the timely response, appreciate it

[scikid]

Gracias!