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Author Question: Real GDP is GDP in a given year A) valued in the prices of the base year. B) valued in the prices ... (Read 72 times)

2125004343

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on: Jun 29, 2018
Real GDP is GDP in a given year
 
  A) valued in the prices of the base year. B) valued in the prices of that year.
  C) adjusted only for unanticipated inflation. D) adjusted only for anticipated inflation.

Question 2

If the marginal propensity to save is 0.25, then a 10,000 decrease in disposable income will
 
  A) increase consumption by 7,500. B) decrease consumption by 2,500.
  C) increase consumption by 2,500. D) decrease consumption by 7,500.


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anyusername12131

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


2125004343

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

31809pancho

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

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