According to the above figure, at an income level of Y1,
A) the economy saves an amount equal to BD.
B) the economy dissaves an amount equal to BD.
C) the average propensity to save is greater than one.
D) the marginal propensity to save is falling.
B
Economics
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The sum of all past budget deficits and surpluses of the federal government is the
a. budget deficit. b. budget surplus. c. national debt. d. trade deficit.
Economics
Refer to the consumption schedule above. The break-even level of income would be at income level:
A. 0
B. 1
C. 2
D. 3
Economics