ECONOMICS

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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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