Solved

The Table Below Shows National Income and Imports

Question 36

Multiple Choice

The table below shows national income and imports.The level of exports is fixed at $300.All figures in the table and in the questions are in millions of dollars. The table below shows national income and imports.The level of exports is fixed at $300.All figures in the table and in the questions are in millions of dollars. TABLE 22-1 Refer to Table 22-1.What is the marginal propensity to import? A) 0.01 B) 0.10 C) 1.0 D) 10.0 E) not enough data to determine TABLE 22-1 Refer to Table 22-1.What is the marginal propensity to import?


A) 0.01
B) 0.10
C) 1.0
D) 10.0
E) not enough data to determine

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q31: In an open economy with government and

Q32: Which of the following can cause a

Q33: The net export (NX)function crosses the horizontal

Q34: Consider the following news headline: "Canadian exporters

Q35: Consider the following news headline: "China signs

Q37: Consider a simple macro model with government

Q38: Consider the simplest macro model with demand-determined

Q39: The diagrams below show the import,export,and net

Q40: If the government's net tax rate increases,then

Q41: Consider a simple macro model with government