In the above table, the marginal propensity to save is
A) 0.6. B) 0.8. C) 0.2. D) 0.4.
C
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The growth rate of real GDP per worker results from
A) convergence to the steady state and steady-state growth. B) growth from total factor productivity minus depreciation. C) growth from labor productivity and growth from the labor force. D) growth from investment and growth from break-even investment.
An decrease in the federal income tax is an example of ________ policy.
A. monetary B. fiscal C. structural D. aggregation
Refer to the information provided in Figure 6.9 below to answer the question(s) that follow.
Figure 6.9Refer to Figure 6.9. The ________ video game rental has a marginal utility of zero.
A. first B. second C. third D. fourth
Which of the following statements is true?
A. When the forces of supply and demand determine for whom goods are produced in a society, an equitable distribution of income will naturally result. B. An external cost will occur when some of the benefits derived from production of some good or service are enjoyed by a third party. C. One of the roles of the United States' government is to transfer some income from the rich and the middle class to the poor. D. According to most economists' definition of competition, the American economy is very competitive.