In the above figure, an unregulated natural monopolist will produce output level

Suppose that the marginal propensity to consume (MPC) is .75 and there is an increase in investment spending of $100,000. As a result, equilibrium real Gross Domestic Product (GDP) would increase by

A) $400,000. B) $75,000. C) $100,000. D) $750,000.

Which scenario best illustrates a Gini coefficient equal to one?

a. People earn the same income. b. John receives a wage of $1 per hour. c. The king ends up with all the nation's income. d. There is a one-to-one ratio of income to population. e. 100 percent of the income is held by 100 percent of the population.