Which of the following is correct?
A. MPC + MPS = APC + APS.
B. APC + MPS = APS + MPC.
C. APC + MPC = APS + MPS.
D. APC - APS = MPC - MPS.
A. MPC + MPS = APC + APS.
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If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per year
A. 7 B. 10 C. 12 D. 14
According to this graph, which of the two components of aggregate expenditure are most alike in their proportion of the whole?
a. consumption and investment
b. investment and net exports
c. consumption and government purchases
d. government purchase and net exports
Autonomous spending in a closed economy equals which of the following?
A) c0 + I + G - c1T B) C + I + G C) Z D) c0 + I + G + c1T
Which of the following is TRUE?
A. MPC + MPS = 1 -APC B. APC + APS < 1 C. APC + MPS > 1 D. APC + APS = MPS + MPS