Given the consumption function C = 500 billion + 0.80Y, an ...

[hubes95]

Given the consumption function C = 500 billion + 0.80Y, an increase in disposable income from 6,000 billion to 7,000 billion will cause consumption to increase by:
 a. 800 billion.
  b. 1,000 billion.
  c. 1,300 billion.
  d. 1,500 billion.
  e. 1,800 billion.

Question 2

The results of majority voting sometimes, but not always, agree with the results of benefit-cost analysis.
 a. True
  b. False
  Indicate whether the statement is true or false

[djofnc]

Answer to Question 1

a

Answer to Question 2

True