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Author Question: The nation has its own MPC. When disposable income increases from 300 billion to 400 billion, ... (Read 122 times)

sammy

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


sammy

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Reply 2 on: Jun 30, 2018
Gracias!

Bigfoot1984

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Reply 3 on: Yesterday
Excellent

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