[Answered] If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ...

This topic contains a solution. Click here to go to the answer

Author Question: If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ... (Read 65 times)

ghost!

Hero Member
Posts: 560

on: Jun 30, 2018

If your disposable personal income increases from 33,000 to 41,000 and your consumption increases from 8,000 to 12,000 . your marginal propensity to consume (MPC) is:
a. 0.2.
b. 0.4.
c. 0.5.
d. 0.8.
e. 1.0.

Question 2

The term balance of trade refers to a nation's:
a. goods exports minus imports.
b. current account balance.
c. capital account balance.
d. net balance of all international transactions.

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

nicoleclaire22

Sr. Member
Posts: 318

Reply #1 on: Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

a

ghost!

Member
Posts: 560

Reply 2 on: Jun 30, 2018

Gracias!

carlsona147

Member
Posts: 341

Reply 3 on: Yesterday

Great answer, keep it coming

« previous next »

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

The air pressure going to the nozzle should be reduced to 30 psi or less to help prevent personal ...

The signal voltage from a throttle position increases as the throttle is opened because the wiper ...

Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...

Comparison of energy consumption in developing and industrialized nations

Household Income in the United States by Quintiles, 2009

Intergenerational Income Mobility in the United States

Author Question: If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ... (Read 65 times)

ghost!

If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ...

Related Topics

Need homework help now?

nicoleclaire22

If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ...

ghost!

carlsona147