If the MPS is 0.22, the MPC is

A. -0.22.
B. 0.66.
C. 0.78.
D. 1.22.

Answer: C

Economics

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The Lorenz curve shows the:

a. growth of income over time compared to potential growth of income. b. relative percentage of income going to each of the resources. c. demand for unskilled versus unskilled labor. d. actual cumulative percentage of income received compared to a perfectly equal cumulative percentages of income.

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One of the factors causing the shrinking gap between rich and poor countries is

a. learning by poor countries. b. increasing resource discoveries. c. increasing populations in poor countries. d. transfers of income from rich countries.

Economics