Multiple Choice
Equations for C, I, G, and NX are given below.If the equilibrium level of GDP is $32,000, what is the marginal propensity to consume? C = 5,000 + (MPC) Y
I = 1,500
G = 2,000
NX = -500
A) 0.6
B) 0.67
C) 0.75
D) 0.8
E) 0.9
Correct Answer:
Verified
Correct Answer:
Verified
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