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Author Question: Based on the information in Scenario 1, nominal GDP in 2016 in this economy was A) 830. B) 1,025. ... (Read 30 times)

storky111

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on: Jun 30, 2018
Based on the information in Scenario 1, nominal GDP in 2016 in this economy was
 
  A) 830. B) 1,025. C) 1,090. D) 1,345.

Question 2

If the marginal propensity to save is 0.20, then the value of the tax multiplier is
 
  A) -5. B) -4. C) 5. D) 1.2.


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jointhecircus

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

D

Answer to Question 2

B


storky111

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mjenn52

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

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