Author Question: If your disposable personal income increases from 33,000 to 41,000 and your consumption increases ... (Read 63 times)

ghost! · **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.