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Author Question: If the MPMis 0.4, then a $2,000 increase in income will (Read 37 times)

elizabeth18

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Question 1

If planned aggregate expenditures are $225 billion, consumption is $110 billion, investment is $70 billion, government spending is $60 billion, there is a


◦ trade deficit of $240 billion.
◦ trade surplus of $15 billion.
◦ trade deficit of $15 billion.
◦ trade balance.

Question 2

If the 
MPM is 0.4, then a $2,000 increase in income will


◦ increase imports by $5,000.
◦ increase imports by $800.
◦ increase exports by $5,000.
◦ increase exports by $800.


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Marked as best answer by elizabeth18 on Apr 19, 2019

cupcake16

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elizabeth18

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Reply 2 on: Apr 19, 2019
:D TYSM


Bigfoot1984

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Reply 3 on: Yesterday
Wow, this really help

 

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