The marginal propensity to import is calculated as
A) imports divided by the change in real GDP.
B) the change in imports divided by real GDP.
C) imports divided by real GDP.
D) the change in imports divided by the change in real GDP.
E) none of the above.
Correct Answer:
Verified
Q34: The slope of the consumption function is
A)less
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Q52: An increase in autonomous consumption
A)shifts the consumption
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Q55: When disposable income increases
A)the consumption function shifts
Q55: The marginal propensity to consume
A)is equal to
Q62: Use the figure below to answer the
Q72: Use the figure below to answer the
Q73: Use the figure below to answer the
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