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Author Question: The nation has its own MPC. When disposable income increases from 300 billion to 400 billion, ... (Read 106 times)

sammy

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The nation has its own MPC. When disposable income increases from 300 billion to 400 billion, national consumption increases from 300 billion to 360 billion. At Y = 400 billion, the MPC is:
 a. 0.2.
  b. 0.5.
  c. 0.6.
  d. 0.67.
  e. 1.33.

Question 2

The sum of past federal budget deficits increases the:
 a. GDP debt.
  b. trade debt plus debt.
  c. national debt.
  d. Congressional debt.



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bobsmith

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Answer to Question 1

c

Answer to Question 2

c




sammy

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Reply 2 on: Jun 30, 2018
Excellent


juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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