Do economists know the value of the MPC for most economies?

a. Yes, with a high level of precision.
b. Yes, with a certainty level of four decimal places.
c. No, it is impossible to determine a national MPC.
d. Yes, but with some level of uncertainty.

d

Economics

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The calculation of GDP would include

What will be an ideal response?

Economics

The additional cost a firm will incur by producing one additional unit of output is the:

A. variable cost. B. marginal cost. C. fixed cost. D. total cost.

Economics