The Marginal Propensity to Import Is the ________ That Is

question 115

Multiple Choice

The marginal propensity to import is the ________ that is spent on imports.

• A) fraction of an increase in real GDP
• B) total amount of real GDP
• C) total amount of potential GDP
• D) fraction of an increase in potential GDP

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Definitions:

Explanation

A statement or account that makes something clear by describing it in more detail or revealing relevant facts or ideas.

Argument

A set of statements or reasons put forward to support a conclusion.

Liquid Water

The fluid phase of water, characterized by its capacity to flow and adapt to the shape of its container.

Logical Strength

The degree to which the premises of an argument support its conclusion; stronger arguments provide greater justification for their conclusions.