Suppose the marginal propensity to import for country A is 0.4 . Calculate the change in the total value of imports of the country if national income increases by $100,000
a. $16,000
b. $20,000
c. $60,000
d. $40,000
e. $25,000
d
Economics
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An explanation for the slowdown in U.S. productivity growth in the 1973-1995 period was higher oil prices caused by
a. the CIA. b. the WTO. c. the IMF. d. OPEC.
Economics
Which of the following is the best example of public investment?
A. Salaries of senators and representatives. B. Government expenditures on food stamps. C. Construction of highways. D. Funding of regulatory agencies.
Economics