If the increase in government spending is $200 and the multiplier is 2.5, then the change in real gross domestic product will be _____
a. $200
b. $300
c. $500
d. $700
c
Economics
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If your disposable income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $12,000, your marginal propensity to consume is:
A.0.8 B.0.6 C.0.4 D.0.2
Economics
Which of the following groups of people is included in the labor force of a country?
A) Part-time paid workers B) Retirees C) Disabled workers who can no longer work D) Adults who are full-time students
Economics