According to the above table, if real Gross Domestic Product (GDP) equals $30,000, what is the average propensity to consume?

A) 0.75
B) 0.67
C) 0.8
D) 0.87


D

Economics

You might also like to view...

What would be the effect on the labor supply curve of a higher income tax rate?

Economics

If there is a "long and variable time lag" between when a change in monetary policy is instituted and when it impacts aggregate demand and output, this will

What will be an ideal response?

Economics

The Temporary Assistance for Needy Families (TANF) program _____.

(A) Provides benefits to a family for ten years. (B) Can only provide jobs for individuals in an enterprise zone. (C) Only provides cash assistance to poor families. (D) Provides work in exchange for temporary assistance.

Economics

In the above table, the average product of the fifth worker is

A. 135. B. -5. C. 35. D. 27.

Economics