The larger the marginal propensity to consume (MPC), the larger the percentage of disposable income that people consume rather than save, and the larger is the ultimate increase in real GDP from an initial increase in aggregate expenditure such as government spending
Indicate whether the statement is true or false
true
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Refer to the table above. Which country is likely to have the lowest percentage of children between 7 and 14 who are working?
A) Country A B) Country B C) Country C D) Country D
The larger the fraction of an investment financed by borrowing, the greater the potential for both profits and losses from that investment
a. True b. False Indicate whether the statement is true or false
Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist. QuantityPrice1$102$93$84$75$66$57$48$3If the marginal cost of producing each unit of output is $5, then this monopolist maximizes its profit by charging ________ per unit.
A. $5 B. $6 C. $8 D. $3
The net income of a firm is the firm's
A. profits. B. total revenue. C. retained earnings. D. capital income.