Author Question: Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is ... (Read 156 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450. When autonomous consumption expenditure falls to 400, total planned expenditure (equals total output) is 13,800.
 
  The marginal propensity to consume is ________. A) 0.89
  B) 0.75
  C) 0.99
  D) 0.44
  E) 0.03

Question 2

Household consumption as a percentage of GDP in the United States is
 
  A) less than that in other high-income countries.
  B) greater than that in low-income countries.
  C) equal to that in middle-income countries.
  D) greater than the average for countries around the world.



zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

For a complete list of videos, visit our video library