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Author Question: When disposable income is 8 trillion, consumption expenditure is 5 trillion; when disposable income ... (Read 129 times)

jparksx

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on: Jun 29, 2018
When disposable income is 8 trillion, consumption expenditure is 5 trillion; when disposable income is 5 trillion, consumption expenditure is 3 trillion. The MPC is
 
  A) (5 - 3 )  (8 - 5 ) = 0.667.
  B) (8 - 5 )  (5 - 3 ) = 1.333.
  C) (5/8 + 3/5 ) = 1.225.
  D) (5 + 3 )  (8 - 5 ) = 2.667.
  E) (5 + 3 )  (8 + 5 ) = 0.615.

Question 2

From 1948 to 2011, the average unemployment rate in the United States was approximately
 
  A) 9.6 percent. B) 24.4 percent. C) 5.8 percent. D) 12.0 percent. E) 3.1 percent.


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lauravaras

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

A

Answer to Question 2

C


jparksx

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

steff9894

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Reply 3 on: Yesterday
:D TYSM

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