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Author Question: If a country's GDP increases and all other variables remains constant, ________. A) its income ... (Read 67 times)

Hungry!

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on: Jun 30, 2018
If a country's GDP increases and all other variables remains constant, ________.
 
  A) its income per worker will increase B) its income per capita will fall
  C) its GNP will fall D) its trade surplus will increase

Question 2

Suppose that the marginal propensity to consume (MPC) is .75 and there is an increase in investment spending of 100,000. As a result, equilibrium real Gross Domestic Product (GDP) would increase by
 
  A) 400,000. B) 75,000. C) 100,000. D) 750,000.


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bassamabas

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

A

Answer to Question 2

A


Hungry!

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

mammy1697

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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