According to the above table, if real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save?
A. 0.88
B. 0.0
C. 0.12
D. 0.56
Answer: C
You might also like to view...
Which of the following mathematical expressions represents the equation of a straight line with a slope of zero at all points on a graph with Y on the vertical axis and X on the horizontal axis?
a. Y = a + X b. X = bY c. X = a d. Y = a
Suppose we were analyzing the Turkish lira per euro foreign exchange market. If there is the expectation that the euro will fall in value in the near future. As a result of speculators' actions the:spot
a. Supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market falls, causing a depreciation of the euro. b. Supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market falls, causing an uncertain change in the value of the euro. c. Supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market rises, causing an appreciation of the euro. d. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate. e. Supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market rises, causing an uncertain change in the value of the euro.
Exhibit 8-17 Marginal revenue and cost per unit curves
As shown in Exhibit 8-17, the short-run supply curve for the firm corresponds to which segment of its marginal cost curve?
A. C and all points above. B. B and all points above. C. A and all points above. D. A to C only.
If required reserves are $50 and deposits are $1000, what is the required reserve ratio?
What will be an ideal response?