Gross fiscal expenditure in a country increased by $100,000 during a certain year. If the marginal propensity to save is 0.5, then real GDP in this country has increased by:
a. $125,000.
b. $50,000
c. $200,000.
d. $100,000.
c
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The Lorenz curve graphs the
A) cumulative percentage of spending against the cumulative percentage of households. B) marginal percentage of income against the marginal percentage of households. C) cumulative percentage of income against the cumulative percentage of households. D) cumulative percentage of spending against the marginal percentage of households.
One source of the supply of dollars in the foreign exchange market is
A) U.S. companies importing foreign goods. B) foreign citizens buying U.S. goods. C) SDRs being converted into dollars. D) the U.S. Mint buying dollars from the Bank of England.
The Civil Rights Act of 1964 in the United States led to _____
a. the introduction of the concept of discrimination. b. complete elimination of discrimination from the labor force. c. the creation of equal opportunities for men and women. d. the creation of equal opportunities for the members of different races. e. the establishment of a much clearer definition of discrimination.
The demand for labor is likely to decrease if
a. there is a rise in the demand for the good it produces b. the price of a complementary input falls c. the price of a substitute input rises d. there is a decline in the demand for the good it produces e. there is an increase in the number of firms in the market