Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. On this graph, 4 represents the
A. multiplier.
B. break even income level.
C. MPS.
D. MPC.
Answer: A
You might also like to view...
Based on the table below and the principle of diminishing returns to capital, then total packages wrapped when a fourth machine is installed must be less than ________ packages.Number of (Identical) MachinesTotal Packages Wrapped15,00029,000312,000
A. 3,000 B. 12,000 C. 4,000 D. 15,000
The change in saving divided by the change in income is the:
A. marginal propensity to save. B. saving function. C. average propensity to save. D. extra propensity to save.
Which of the following statements does not describe a perfectly competitive market?
A) A large number of firms are involved. B) Entry and exit are relatively easy. C) In the short run firms can earn profits, minimize losses, or earn a normal profit. D) Price is greater than marginal revenue.
Which of the following Gini ratios would indicate the least amount of income inequality?
A. 0.20 B. 0.40 C. 0.60 D. 0.80