Author Question: The nation has its own MPC. When disposable income increases from 300 billion to 400 billion, ... (Read 121 times)

sammy · **on:** Jun 30, 2018

The nation has its own MPC. When disposable income increases from 300 billion to 400 billion, national consumption increases from 300 billion to 360 billion. At Y = 400 billion, the MPC is:
a. 0.2.
b. 0.5.
c. 0.6.
d. 0.67.
e. 1.33.

Question 2

The sum of past federal budget deficits increases the:
a. GDP debt.
b. trade debt plus debt.
c. national debt.
d. Congressional debt.