Suppose a $30 Billion Increase in Government Purchases Increased GDP

question 81

Multiple Choice

Suppose a $30 billion increase in government purchases increased GDP by $120 billion,what is the value of the MPC?

• A) 4.00
• B) 0.75
• C) 0.25
• D) 0.50
• E) 0.33

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Definitions:

Union

An association of workers who bargain collectively for wages and benefits and better working conditions.

Economic Status

The social or financial position of an individual or group within a society, often measured by income, wealth, and employment.

Working Conditions

The environment and all the physical and psychological factors that influence the life and work of employees, including hours, physical environment, and stress levels.

Resistance Strategies

Ways that workers express discontent with their jobs and try to reclaim control of the conditions of their labor.