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If Autonomous Consumption Is $1,000,the MPC Is 0

question 167

Multiple Choice

If autonomous consumption is $1,000,the MPC is 0.75,net taxes are $500,investment spending is $800,and government purchases equals $500,and NX = $0,what is equilibrium GDP?

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Definitions:

Face Oils

Skincare products composed of natural oils designed to hydrate, nourish, and rejuvenate the facial skin.

Balance Of Trade

A measure of the difference between exports from and imports into a country.

Disproportionately Higher

Significantly above the expected or average level, often used to describe quantities, values, or rates that far exceed what is normal or equitable.

Imports

Goods or services brought into one country from another for sale or use.

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