Homework Answers
MPC is the increase in consumption for a per unit increase in income.
Here,
MPC=
= 6000/8000 =0.75
If you have any doubt,feel free to ask.
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O consumption is greater than his inc O saving is zero. uestion8 1 pts If consumption...
When Monica spends more than her disposable income, Monica is O A. unemployed. O B. dissaving....
When Monica spends more than her disposable income, Monica is O A. unemployed. O B. dissaving. O C. investing. D. saving. Question Help According to the figure at right, planned consumption and income are equal at an income level of 45 Y1 Y2YoYs Real Disposable Income (S per year) -Ques According to the figure at right, the average propensity to save (APS) is zero at point O A. F O B. D OC. J OD. I 45 Y1 Y2 Y....
and his saving NAME_ Logan received a $2,500 bonus and his MIPS is 0.20. his consumption...
and his saving NAME_ Logan received a $2,500 bonus and his MIPS is 0.20. his consumption rises by $_ A) 500; 100 B) 2,500; 200 C) 2,000, 500 D) 2,500; 20 I consumption is S10,000 when income is $10000 and consumption increases to $11.000 when income increases to $12,000, the MPS is A) 0.10. B) 0.25. C) 0.50 D) 0.90 hat ent? .150+ 0.571. his consumption equals his income at an income level of If Zander's saving is of the...
1. According to Keynesian theory, the primary determinant of the level of consumption and saving in...
1. According to Keynesian theory, the primary determinant of the level of consumption and saving in the economy is the: a. level of investment. c. level of prices. b. level of income. d. interest rate. 2. If a family's MPC is. 7, it is: a. spending 70 percent of its income on consumer goods. b. necessarily dissaving. c. spending seventenths of any increment to its income d. operating at the breakeven point. The size of the MPC is assumed to...
Savings is when for the same period. O consumption is greater than output consumption is less...
Savings is when for the same period. O consumption is greater than output consumption is less than output O consumption is equal to output D Question 7 The business cycle refers to the washing cycle O GDP O short-run fluctuations in output and employment none of the above D | Question 8 What are the two approaches y ou can measure GDP with? Expenditures & Income Income& Investment National Income & GDP per capita None of the above
If Lily's consumption function is of the form C 100 0.8Y, her saving equals zero at...
If Lily's consumption function is of the form C 100 0.8Y, her saving equals zero at an income level of O 500. O 800. O cannot be determined from the given information D Question 10 1 pts Refer to the information provided in Table 8.2 below to answer the questions that follow Table 8.2 150 Refer to Table 8.2. The equation for t O s -150+ 0.85Y C s--150 0.2Y O s- -100 0.1Y the aggregate saving function is S-100...
Suppose the marginal propensity to consume if 0.75 and autonomous consumption (consumption at zero income) is...
Suppose the marginal propensity to consume if 0.75 and autonomous consumption (consumption at zero income) is $4,000. If income is $50,000, consumption spending is a. $37,500 b. $41,500 C. $45,500 d. $54,000 QUESTION 4 If the consumption function for an economy is C = 180 + 75 Yd (disposable income) and spending increases by $800, then the resulting change in national income is a. +$2,800 OOO b. 5-3,200 c. $-2,800 d. $+3,200 QUESTION 5 Assume the actual GDP is $4800...
Question 20 1 pts Picture a linear consumption function of the form C-CO+MPC (Y-T). Which of...
Question 20 1 pts Picture a linear consumption function of the form C-CO+MPC (Y-T). Which of these statements is true? O A fall in the unemployment rate creates greater certainty about future income, lowering Co. O An increase in interest rates will lower consumption by raising MPC. When household wealth goes up. Co goes up O An increase in taxes lowers MPC, thus reducing consumption
DI Question 3 1 pts Refer to the information provided in Figure 8.1 below to answer...
DI Question 3 1 pts Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure 8.1 Refer to Figure 8.1. At income level $1.500, this household's saving is this household's consumption is zero. than (to) zero and D less than; greater than D greater than: less than O greater than: greater than D equal to: equal to
If the marginal propensity to consume is greater than zero but less than one, when disposable...
If the marginal propensity to consume is greater than zero but less than one, when disposable income rises by $1, consumption will: Orise by less than $1. not be affected O rise by more than $1. O rise by exactly $1.
Question 1 1 pts By 1 July 2008, more than 70 million American households had received...
Question 1 1 pts By 1 July 2008, more than 70 million American households had received tax rebates of $950 on average, as a part of a temporary economic stirpulus policy. According to Friedman's permanent income model (and holding all other things equal), aggregate consumption in 2008 O should have increased by approximately the amount of the tax rebate O should have increased by more than the tax rebate should have increased by significantly less than the amount of the...
When Monica spends more than her disposable income, Monica is O A. unemployed. O B. dissaving. O C. investing. D. saving. Question Help According to the figure at right, planned consumption and income are equal at an income level of 45 Y1 Y2YoYs Real Disposable Income (S per year) -Ques According to the figure at right, the average propensity to save (APS) is zero at point O A. F O B. D OC. J OD. I 45 Y1 Y2 Y....
and his saving NAME_ Logan received a $2,500 bonus and his MIPS is 0.20. his consumption rises by $_ A) 500; 100 B) 2,500; 200 C) 2,000, 500 D) 2,500; 20 I consumption is S10,000 when income is $10000 and consumption increases to $11.000 when income increases to $12,000, the MPS is A) 0.10. B) 0.25. C) 0.50 D) 0.90 hat ent? .150+ 0.571. his consumption equals his income at an income level of If Zander's saving is of the...
1. According to Keynesian theory, the primary determinant of the level of consumption and saving in the economy is the: a. level of investment. c. level of prices. b. level of income. d. interest rate. 2. If a family's MPC is. 7, it is: a. spending 70 percent of its income on consumer goods. b. necessarily dissaving. c. spending seventenths of any increment to its income d. operating at the breakeven point. The size of the MPC is assumed to...
Savings is when for the same period. O consumption is greater than output consumption is less than output O consumption is equal to output D Question 7 The business cycle refers to the washing cycle O GDP O short-run fluctuations in output and employment none of the above D | Question 8 What are the two approaches y ou can measure GDP with? Expenditures & Income Income& Investment National Income & GDP per capita None of the above
If Lily's consumption function is of the form C 100 0.8Y, her saving equals zero at an income level of O 500. O 800. O cannot be determined from the given information D Question 10 1 pts Refer to the information provided in Table 8.2 below to answer the questions that follow Table 8.2 150 Refer to Table 8.2. The equation for t O s -150+ 0.85Y C s--150 0.2Y O s- -100 0.1Y the aggregate saving function is S-100...
Suppose the marginal propensity to consume if 0.75 and autonomous consumption (consumption at zero income) is $4,000. If income is $50,000, consumption spending is a. $37,500 b. $41,500 C. $45,500 d. $54,000 QUESTION 4 If the consumption function for an economy is C = 180 + 75 Yd (disposable income) and spending increases by $800, then the resulting change in national income is a. +$2,800 OOO b. 5-3,200 c. $-2,800 d. $+3,200 QUESTION 5 Assume the actual GDP is $4800...
Question 20 1 pts Picture a linear consumption function of the form C-CO+MPC (Y-T). Which of these statements is true? O A fall in the unemployment rate creates greater certainty about future income, lowering Co. O An increase in interest rates will lower consumption by raising MPC. When household wealth goes up. Co goes up O An increase in taxes lowers MPC, thus reducing consumption
DI Question 3 1 pts Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure 8.1 Refer to Figure 8.1. At income level $1.500, this household's saving is this household's consumption is zero. than (to) zero and D less than; greater than D greater than: less than O greater than: greater than D equal to: equal to
If the marginal propensity to consume is greater than zero but less than one, when disposable income rises by $1, consumption will: Orise by less than $1. not be affected O rise by more than $1. O rise by exactly $1.
Question 1 1 pts By 1 July 2008, more than 70 million American households had received tax rebates of $950 on average, as a part of a temporary economic stirpulus policy. According to Friedman's permanent income model (and holding all other things equal), aggregate consumption in 2008 O should have increased by approximately the amount of the tax rebate O should have increased by more than the tax rebate should have increased by significantly less than the amount of the...
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