Table 11-6GovernmentReal GDPConsumption InvestmentPurchases1Net Exports$1,000$1,000$100$150-$50232,0001,900100150-503,0002,800100150-5044,0003,700100150-50Using the table above, answer the following question. The numbers in the table are in billions ofdollars.13) Refer to Table 11-6. What is the value of MPC?A) 0.2B) 0.5C) 0.75D0.9E) None of the above

MPC or marginal propensity to consume shows the proportion of an increase in income that the…

Table 11-6 Real GDP Consumption Inv 1 $1,000 $1,000 2 2,000 1,900 3 3,000 2,800 4 4,000 3,700 Using the table above, answer the following question dollars. 13) Refer to Table 11-6. What is the value of MPC? A) 0.2 B) 0.5 C) 0.75 D)0.9 E) None of the above

Table 11-6 Real GDP Consumption Inv 1 $1,000 $1,000 2 2,000 1,900 3 3,000 2,800 4 4,000 3,700 Using the table above, answer the following question dollars. 13) Refer to Table 11-6. What is the value of MPC? A) 0.2 B) 0.5 C) 0.75 D)0.9 E) None of the above

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 5SCQ: According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?

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Question

Table 11-6
Government
Real GDP
Consumption Investment
Purchases
1
Net Exports
$1,000
$1,000
$100
$150
-$50
2
3
2,000
1,900
100
150
-50
3,000
2,800
100
150
-50
4
4,000
3,700
100
150
-50
Using the table above, answer the following question. The numbers in the table are in billions of
dollars.
13) Refer to Table 11-6. What is the value of MPC?
A) 0.2
B) 0.5
C) 0.75
D0.9
E) None of the above

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