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Author Question: If your disposable personal income increases from 40,000 to 48,000 and your consumption increases ... (Read 243 times)

chads108

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on: Jun 30, 2018
If your disposable personal income increases from 40,000 to 48,000 and your consumption increases from 35,000 to 39,000 . your marginal propensity to consume (MPC) is:
 a. 0.20.
  b. 0.40.
  c. 0.50.
  d. 0.80.
  e. 1.00.

Question 2

If the federal government has a budget surplus, then the national debt is:
 a. reduced.
  b. fully repaid.
  c. negative.
  d. interest-free.


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aloop

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

c

Answer to Question 2

a


chads108

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Reply 2 on: Jun 30, 2018
Excellent

olderstudent

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

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