If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals
a. 0.90.
b. 0.80.
c. 0.60
d. ?0.60.
b
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If Project A has a cost of $2 and provides a benefit of $3, and Project B has a cost of $ 5 and provides a benefit of $8, which of the following statements is true?
A) A shift from Project A to Project B increases the net benefit by $1. B) The net benefit of Project A is $5. C) An individual can optimize by choosing Project B. D) Project A has a higher net benefit than Project B.
Per capita GDP, a measure of worker productivity, reflects: a. the average quantity of goods and services available per person in a nation
b. the dollar value of a nation's output produced by an average worker in one hour. c. the economic growth rate of a nation adjusted for inflation. d. the ratio of inputs to the total output of an economy.