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Author Question: Total income received by households is called: a. national income. b. gross domestic product. c. ... (Read 154 times)

HCHenry

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on: Jun 30, 2018
Total income received by households is called:
 a. national income.
 b. gross domestic product.
  c. personal income.
 d. gross national product.

Question 2

Suppose the marginal propensity to import for country A is 0.4 . Calculate the change in the total value of imports of the country if national income increases by 100,000.
 a. 16,000
  b. 20,000
  c. 60,000
  d. 40,000
  e. 25,000


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Liddy

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

c

Answer to Question 2

d


HCHenry

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
Wow, this really help

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