Assume General Motors Has Decided to Build an Assembly Plant

question 65

Multiple Choice

Assume General Motors has decided to build an assembly plant in St. Louis. The plant will employ 1,000 full-time workers at an annual wage of $40,000 each. If the marginal propensity to consume in St. Louis is 2/3, what change in income will result from operation of the plant for one year?

• A) $26.7 million.
• B) $40 million.
• C) $80 million.
• D) $120 million.

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Childlike, Feminine

Qualities or characteristics that are traditionally associated with being young or typically feminine in nature.

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