Multiple Choice
Consider the simplest macro model with demand-determined output.The equations are: C = 150 + 0.8Yd,Yd = Y -T,I = 400,G = 700,T = .2Y,X = 130,and IM = 0.14Y.The marginal propensity to spend on national income in this model is
A) 0.50.
B) 0.54.
C) 0.64.
D) 0.84.
E) 0.86.
Correct Answer:
Verified
Correct Answer:
Verified
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