If the marginal propensity to consume is 0.8, every $10 increase in disposable income increases
a) consumption expenditure by $0.80
b) consumption expenditure by $80
c) saving by $0.20
d) consumption expenditure by $8
d) consumption expenditure by $8
Economics
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Which of the following statements is correct?
a. The demand for capital is derived from the demands for outputs. b. The demands for output are derived from the demand for capital. c. The demand for capital is derived from the demand for rent. d. The demand for rent is derived from the demand for capital.
Economics
What is the present value of $1 that will be paid to you in 6 years if the interest rate is 10%? Work it out to the nearest tenth of a cent.
What will be an ideal response?
Economics