Solved

If the Marginal Propensity to Import Is ________, Then a $2

Question 279

Multiple Choice

If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.2 trillion. If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.6 trillion.


A) 1.0; 3.0
B) 0.1; 0.3
C) 0.2; 0.6
D) 0.6; 2.0
E) 0.3; 0.1

Correct Answer:

verifed

Verified

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

Related Questions