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Equations for C,I,G,and NX Are Given Below

question 289

Multiple Choice

Equations for C,I,G,and NX are given below.If the equilibrium level of GDP is $32,000,what is the value of the marginal propensity to consume? C = 5,000 + (MPC) Y
I = 1,500
G = 2,000
NX = -500


Definitions:

Stress

A physical, mental, or emotional factor that causes bodily or mental tension.

Approach-avoidance Conflict

A psychological struggle or dilemma when a goal has both attractive and unattractive aspects, leading to ambivalence.

Approach-approach Conflict

A situation in psychology where an individual must choose between two equally appealing options, causing conflict due to the difficulty in making a decision.

Double approach-avoidance Conflict

A decision-making conflict involving two options, each with both appealing and negative aspects, leading to ambivalence.

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