If the MPC is .8 and disposable income is $200,then:
A) consumption and saving cannot be determined from the information given.
B) saving will be $20.
C) personal consumption expenditures will be $80.
D) saving will be $40.
Correct Answer:
Verified
Q16: The APC can be defined as the
Q16: Which of the following is correct?
A) APC
Q19: The APC is calculated as
A) change in
Q22: (Advanced analysis)If the equation C = 20
Q24: Which one of the following will cause
Q26: (Advanced analysis)If the equation for the consumption
Q29: Which of the following relations is not
Q33: One can determine the amount of any
Q34: The MPC for an economy is
A) the
Q46: At the point where the consumption schedule
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