Assume That GDP = $10,000 and the MPC = 0

question 48

Multiple Choice

Assume that GDP = $10,000 and the MPC = 0.75. If policy makers want to increase GDP by 30 percent, by how much should they increase government spending?

• A) $300
• B) $750
• C) $1,000
• D) $3,000

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Definitions:

Rhetorical Analysis

Examines how authors use persuasion in texts or speeches through the study of rhetoric devices, strategies, and appeals.

Semiotics

The study of signs and symbols, their interpretation, and their use in communication.

Signs and Meaning

The study of how signs (anything that represents something else) convey meaning, both in language and in other forms of communication.

Narrative Analysis

The study of the formal properties of stories that people tell. It generally attempts to identify such aspects as plot, setting, characters, and order of events.