Use the figure below to answer the following questions.
Figure 11.1.1
This figure describes the relationship between consumption expenditure and disposable income for an economy.
-Refer to Figure 11.1.1.When disposable income is equal to $200 billion, saving is
A) $60 billion.
B) $200 billion.
C) $150 billion.
D) zero.
E) - $60 billion.
Correct Answer:
Verified
Q2: Use the figure below to answer the
Q3: Use the figure below to answer the
Q4: Dissaving occurs when a household
A)consumes more than
Q5: The marginal propensity to save is calculated
Q6: Disposable income is
A)used for consumption only.
B)aggregate income
Q8: If the marginal propensity to consume is
Q9: The marginal propensity to consume is calculated
Q10: The marginal propensity to consume is the
A)fraction
Q11: A household
A)consumes, saves, or pays taxes out
Q12: If a household's disposable income increases from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents