This topic contains a solution. Click here to go to the answer

Author Question: The nation has its own MPC. When disposable income increases from 300 billion to 400 billion, ... (Read 105 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

c

Answer to Question 2

c




sammy

  • Member
  • Posts: 818
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

For a complete list of videos, visit our video library