THREE ECON QUESTION . NEED IT WITHIN 7 HOURS FROM NOW . WITH JUSTIFYING EACH ANSWER
1)
Given the following consumption schedule,
|
Consumption |
Disposable Income |
|
$600 |
$1,000 |
|
$900 |
$1,500 |
|
$1,200 |
$2,000 |
The marginal propensity to consume is
1)
______ A)
.5
B)
.8
C)
.75
D)
.6
2)
Which of the following is NOT a component of aggregate expenditure?
2)
_______ A)
government spending
B)
actual investment spending C)
consumption spending
D)
planned investment spending
3)
The ratio of the increase in ________ to the increase in ________ is called the multiplier.
3)
______ A)
autonomous expenditure; equilibrium real GDP B)
equilibrium nominal GDP; autonomous expenditure C)
induced expenditure; equilibrium real GDP D)
equilibrium real GDP; autonomous expenditure

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