In Macronesia, the MPC is approximately .80 . If disposable income changes from 1,000 billion pukas to 1,500 billion pukas, then consumption will change by a(n)
a. decrease of 500 billion pukas.
b. increase of 500 billion pukas.
c. increase of 400 billion pukas.
d. increase of 800 billion pukas.
c
Economics
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The above table has data from the nation of Atlantica. Based on these data, when disposable income equals 8.0 there is
A) dissavings of $0.5 trillion. B) dissavings of $15.5 trillion. C) savings of $15.5 trillion. D) savings of $0.5 trillion. E) dissavings of $7.5 trillion.
Economics
A car purchased by you is rival because:
a. you can prevent others from using your car. b. it has many competitors. c. your use of this car makes it unavailable for others. d. it is nonexcludable.
Economics