If your income increases from $30,000 to $35,000 and your consumption increases from $11,000 to $12,000 . your marginal propensity to consume (MPC) is:

Refer to Table 12.1. The nominal interest rate for the United States is

A) -0.25%. B) 0.25%. C) 2.15%. D) It cannot be determined from the information provided.

Capital per person k is higher in Japan than in the United States. As a result ________

A) per capita income is higher in Japan B) total factor productivity is higher in Japan C) the marginal product of capital is higher in Japan D) all of the above E) none of the above