The decrease in social surplus from a market distortion is referred to as:
A) deadweight loss.
B) market loss.
C) revenue loss.
D) Pareto loss.
A
Economics
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Gross fiscal expenditure in a country increased by $100,000 during a certain year. If the marginal propensity to consume is 0.8, then real GDP in this country has increased by:
a. $400,000. b. $800,000. c. $200,000. d. $500,000.
Economics
If the spending multiplier is 1.2, then a $100 billion increase in government spending will increase private sector spending by
A. $100 billion. B. $20 billion. C. $120 billion. D. $83.3 billion.
Economics