According to the above table, the value of MPS is
A) 0.9. B) 0.1.
C) 0.2. D) increasing as real disposable income rises.
B
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Once the problem of subsistence food growing had been solved, regional growth resulted in which of the following?
(a) Balanced growth across all sectors of the economy (b) Increased import growth and decreased export growth (c) Developed export activity (d) Faltering secondary industrial growth
In the loanable funds market, an increase in the desire to save is translated into a(n)
a. increase in investment spending and slower growth in the capital stock b. decrease in investment spending and slower growth in the capital stock c. decrease in investment spending and faster growth in the capital stock d. increase in investment spending and faster growth in the capital stock e. increase in investment spending but with no growth in the capital stock
Which will cause a demand curve to be relatively elastic?
A. Purchases of the good require a small portion of consumers' budgets. B. The good is considered a necessity. C. The time interval considered is long. D. Few substitutes exist.
At the equilibrium GDP for a private open economy:
A. net exports may be either positive or negative. B. imports will always exceed exports. C. exports will always exceed imports. D. exports and imports will be equal.