Market income is defined as wages, interest, rent, and profit earned in factor markets plus cash payments to households by the government
Indicate whether the statement is true or false
FALSE
Economics
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If an increase in investment spending of $20 million results in a $200 million increase in equilibrium real GDP, then
A) the multiplier is 0.1. B) the multiplier is 1. C) the multiplier is 10. D) the multiplier is 100.
Economics
Everything else held constant, if consumption expenditure increases by 65 for a 100 increase in disposable income, the mpc is
A) 0. B) 0.5. C) 0.65. D) 1.
Economics