Author Question: When disposable income is 8 trillion, consumption expenditure is 5 trillion; when disposable income ... (Read 144 times)

jparksx · **on:** Jun 29, 2018

When disposable income is 8 trillion, consumption expenditure is 5 trillion; when disposable income is 5 trillion, consumption expenditure is 3 trillion. The MPC is

A) (5 - 3 ) (8 - 5 ) = 0.667.
B) (8 - 5 ) (5 - 3 ) = 1.333.
C) (5/8 + 3/5 ) = 1.225.
D) (5 + 3 ) (8 - 5 ) = 2.667.
E) (5 + 3 ) (8 + 5 ) = 0.615.

Question 2

From 1948 to 2011, the average unemployment rate in the United States was approximately

A) 9.6 percent. B) 24.4 percent. C) 5.8 percent. D) 12.0 percent. E) 3.1 percent.