Refer to the above table. The marginal propensity to consume is:
Answer the following question based on the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5.
A. 0.5
B. 0.75
C. 0.8
D. 0.9
B. 0.75
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Which of the following is directly included in the U.S. GDP for 2013?
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Under the current welfare scheme, the federal government provides state governments with capped block grants to administer state-run welfare programs, but welfare recipients must participate in work activities
a. within six months of receiving welfare or risk losing it b. within two years of receiving welfare or risk losing it c. within five years of receiving welfare or risk losing it d. within ten years of receiving welfare or risk losing it e. never