If an Increase in Autonomous Consumption Spending of $15 Million

question 33

Multiple Choice

If an increase in autonomous consumption spending of $15 million results in a $60 million increase in equilibrium real GDP, then the MPC is:

• A)0.5.
• B)0.9.
• C)0.8.
• D)0.75.

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Definitions:

Cycle

In the context of data analysis, a period or sequence of events that repeats regularly.

Trend

The general direction in which something is developing or changing over time.

Control Chart

A graphical tool used in process control to display how a process changes over time, highlighting whether the process stays within predetermined control limits.

Sample Means

The arithmetic average of a set of values or observations, derived from a subset of a larger population.