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Author Question: If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ... (Read 82 times)

ghost!

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If your disposable personal income increases from 33,000 to 41,000 and your consumption increases from 8,000 to 12,000 . your marginal propensity to consume (MPC) is:
 a. 0.2.
  b. 0.4.
  c. 0.5.
  d. 0.8.
  e. 1.0.

Question 2

The term balance of trade refers to a nation's:
 a. goods exports minus imports.
  b. current account balance.
  c. capital account balance.
  d. net balance of all international transactions.



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nicoleclaire22

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Answer to Question 1

c

Answer to Question 2

a




ghost!

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Reply 2 on: Jun 30, 2018
:D TYSM


pratush dev

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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