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Author Question: If disposable income is 400 billion, consumption spending is 380 billion, and MPC is 0.5, what is ... (Read 63 times)

jayhills49

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on: Jun 30, 2018
If disposable income is 400 billion, consumption spending is 380 billion, and MPC is 0.5, what is the level of saving?
 a. 20 billion.
  b. 210 billion.
  c. 380 billion.
  d. 590 billion.
  e. 780 billion.

Question 2

Trade restrictions imposed in the name of national security have been recommended by protectionists in order to:
 a. develop strong defense-related industries.
  b. avoid dependence on foreign suppliers during wartime.
  c. reduce the necessity of stockpiling strategic supplies.
  d. all of these.


Chou

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

a

Answer to Question 2

d


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