If disposable income increases from $912 to $927 billion and MPC = 0.6, then consumption will increase by:

Which of the following correctly describes the relationship between savings, the government budget balance, and the current account?

A) Private savings plus the government budget balance must equal private investment plus the current account. B) Private savings plus the current account must equal private investment plus the government budget surplus or deficit. C) Private savings plus private investment must equal the current account plus the government budget balance. D) Private investment must equal private savings plus the current account minus the government budget balance.

The United States is one of the most marketized economies in the world

a. True b. False Indicate whether the statement is true or false