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Author Question: Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is ... (Read 473 times)

ss2343

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on: Jun 30, 2018
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

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

B

Answer to Question 2

D


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