If consumers spend 80 cents out of every extra dollar received, the multiplier is

A. 8.
B. 1.25.
C. 5.
D. 0.80.

Answer: C

Economics

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The above table shows data from the GDP accounts of Hypothetica. Hypothetica's GDP is ________ billion

A) $270 B) $210 C) $190 D) $160

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Diseconomies of scale exist over the range of output for which the long-run average cost curve is:

a. constant. b. falling. c. rising. d. subject to diminishing returns.

Economics