Multiple Choice
Suppose the marginal propensity to import for country A is 0.4.Calculate the change in total value of imports of the country if national income increases by $100, 000.
A) $16, 000
B) $20, 000
C) $60, 000
D) $40, 000
E) $25, 000
Correct Answer:
Verified
Correct Answer:
Verified
Q90: The 45-degree line used in a consumption
Q91: Any increase in autonomous consumption is associated
Q92: In the table given below Y represent
Q93: The marginal propensity to consume (MPC)is equal
Q94: The table given below reports the consumption
Q96: Other things equal, when Europeans want to
Q97: When government spending is added to consumption
Q98: The consumption function becomes flatter if:<br>A)the average
Q99: The figure given below represents the saving
Q100: Suppose that the U.S.trade balance is positive.Hence,