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Steve
Steve, MBA
Category: Homework
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Experience:  MBA
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IF THE MPC IS 0.60 AND DISPOSABLE INCOME INCREASES FROM $20,000

Resolved Question:

IF THE MPC IS 0.60 AND DISPOSABLE INCOME INCREASES FROM $20,000 BILLION TO $22,000 BILLION, THEN COMSUMPTION WILL INCREASE BY:

A. $2,000 BILLION
B. $800 BILLION
C. $1,200 BILLION
D. $600 BILLION

IF CONSUMPTION IS $340 AND SAVING IS $20, THEN DISPOSABLE INCOME IS:

A. $340.
B. $360.
C. $320.
D. CANNOT BE DETERMINED FROM THE INFORMATION GIVEN.


THE MARGINAL PROPENSITY TO CONSUME CAN BE FOUND BY DIVING:

A. TOTAL CONSUMPTION BY TOTAL SAVING.
B. TOTAL CONSUMPTION BY THE NUMBER OF PEOPLE CONSUMING.
C. THE CHANGE IN TOTAL CONSUMPTION BY THE CHANGE IN DISPOSABLE INCOME.
D. DISPOSABLE INCOME BY TOTAL CONSUMPTION.
Submitted: 5 years ago.
Category: Homework
Expert:  Steve replied 5 years ago.
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