Calculate the value of the government purchases multiplier if the marginal propensity to consume equals 0.8, the tax rate equals 0.2, and the marginal propensity to import equals 0.05
What will be an ideal response?
Government purchases multiplier = 1 / 1 - (0.8(1 - 0.2 ) - 0.05 ) = 2.44
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Refer to Figure 7-2. The increase in domestic producer surplus as a result of the tariff is equal to
A) $11.25 million. B) $18 million. C) $32.5 million. D) $45 million.
Faster economic growth in the United States may lead to the serious macroeconomic problem of higher
a. levels of unemployment. b. federal budget deficits. c. levels of inflation. d. levels of poverty.
___ model, or learn do feel, is when the receiver is viewed as passing from cognition to behavior to attitude. it characterizes situations of low customer involvement in the purchase process
Fill in the blank(s) with the appropriate word(s).
Joe and Linda have the opportunity to purchase a new home. The house in Glen Oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year. What is the rate of appreciation for the house from one year to the next?
A. 5 percent B. 6 percent C. 7 percent D. 8 percent