Homework Answers
The marginal propensity to consume is equal to ΔC / ΔY, where ΔC is the change in consumption, and ΔY is the change in income.
So,
the correct choice for this question is
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If the marginal propensity to consume is greater than zero but less than one, when disposable...
When disposable income is increased from $0 to $1,000 to $2,000, the marginal propensity to consume...
When disposable income is increased from $0 to $1,000 to $2,000, the marginal propensity to consume does what? my answers are total consumption increases by $1,000; MPC remains constant; MPC increases from0.6 to 0.7; MPC decreases from 0.8 to 0.7 or MPC decreases from 0.7 to o.6 thanks
6. The marginal propensity to consume (mpc) is the: A, amount by which disposable income increases...
6. The marginal propensity to consume (mpc) is the: A, amount by which disposable income increases when consumption increases by $1 B. amount by which consumption increases when disposable income increases by $1 percentage by which consumption increases when disposable income increases by 1% D, percentage by which disposable income increases when consumption increases by 1% 7. Data on output and planned aggregate expenditure in Macroland are given below. 2,000 3,000 4,000 5,000 6,000 2,300 3,200 4,100 5,000 5,900 Based...
Assuming that marginal propensity to consume is not zero, and that the balanced budget multiplier is...
Assuming that marginal propensity to consume is not zero, and that the balanced budget multiplier is positive, a decrease in lump-sum personal income taxes will most likely result in an increase in real GDP because which of the following must occur? I. Government spending decreases to maintain a balanced budget. II. Consumption spending increases because disposable personal income increases III. Investment spending decreases because disposable personal income increases O I only III only II only 0 I and III only
Based on the data below, calculate the Average Propensity to Consume at a disposable income of...
Based on the data below, calculate the Average Propensity to Consume at a disposable income of $500 Aggregate Disposable Income Consumption $ billions) $ billions) so $80 $100 $200 $300 $400 $500 $160 $220 $300 $380 $460 0.80 O$80 0.08 0.92 2.5 pts D Question 31 If disposable income increases from $450 to $470 bi propensity to save (MPS)? llion and savings increases from $15 to $20 billion, what is the marginal 0.25 0.02
Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume...
Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume is 0.80, how much money is Allison saving? Select one: a. She is saving $3,000 b. She is saving $7,000 c. She is saving $10,000 d. She is saving $12,000 e. She is saving $15,000
Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume...
Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume is 0.80, how much money is Allison saving? Select one: a. She is saving $3,000 b. She is saving $7,000 c. She is saving $10,000 d. She is saving $12,000 e. She is saving $15,000
Suppose that the marginal propensity to consume is dC dy = 0.7 − e−2y (in billions of...
Suppose that the marginal propensity to consume is dC dy = 0.7 − e−2y (in billions of dollars) and that consumption is $5.7 billion when disposable income is $0. Find the national consumption function.
The table shows disposable income and saving in an economy. Saving Calculate the marginal propensity to...
The table shows disposable income and saving in an economy. Saving Calculate the marginal propensity to consume. >>> Answer to 1 decimal place. Disposable income (trillions of dollars) 0 10 20 30 40 50 The marginal propensity to consume is - 15 - 13 - 11 -9 -7 -5 If wealth increases by $10 trillion, the consumption function O A. shifts upward OB. shifts downward O C. does not change
Suppose that the marginal propensity to consume is dC dy = 0.8 -e-0.27 (in billions of...
Suppose that the marginal propensity to consume is dC dy = 0.8 -e-0.27 (in billions of dollars) and that consumption is $8.5 billion when disposable income is $0. Find the national consumption function. C(y) =
Suppose the marginal propensity to consume out of disposable income for an economy is 0.15. Interpret this number.
Suppose the marginal propensity to consume out of disposable income for an economy is 0.15. Interpret this number.
6. The marginal propensity to consume (mpc) is the: A, amount by which disposable income increases when consumption increases by $1 B. amount by which consumption increases when disposable income increases by $1 percentage by which consumption increases when disposable income increases by 1% D, percentage by which disposable income increases when consumption increases by 1% 7. Data on output and planned aggregate expenditure in Macroland are given below. 2,000 3,000 4,000 5,000 6,000 2,300 3,200 4,100 5,000 5,900 Based...
Assuming that marginal propensity to consume is not zero, and that the balanced budget multiplier is positive, a decrease in lump-sum personal income taxes will most likely result in an increase in real GDP because which of the following must occur? I. Government spending decreases to maintain a balanced budget. II. Consumption spending increases because disposable personal income increases III. Investment spending decreases because disposable personal income increases O I only III only II only 0 I and III only
Based on the data below, calculate the Average Propensity to Consume at a disposable income of $500 Aggregate Disposable Income Consumption $ billions) $ billions) so $80 $100 $200 $300 $400 $500 $160 $220 $300 $380 $460 0.80 O$80 0.08 0.92 2.5 pts D Question 31 If disposable income increases from $450 to $470 bi propensity to save (MPS)? llion and savings increases from $15 to $20 billion, what is the marginal 0.25 0.02
The table shows disposable income and saving in an economy. Saving Calculate the marginal propensity to consume. >>> Answer to 1 decimal place. Disposable income (trillions of dollars) 0 10 20 30 40 50 The marginal propensity to consume is - 15 - 13 - 11 -9 -7 -5 If wealth increases by $10 trillion, the consumption function O A. shifts upward OB. shifts downward O C. does not change
Suppose that the marginal propensity to consume is dC dy = 0.8 -e-0.27 (in billions of dollars) and that consumption is $8.5 billion when disposable income is $0. Find the national consumption function. C(y) =
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