In Econland Autonomous Consumption Equals 700, the Marginal Propensity to Consume

question 113

Multiple Choice

In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planned investment is fixed at 100, government purchases are fixed at 100, and net exports are fixed at 40. Induced expenditure equals:

• A)0.20Y.
• B)990 + 0.20Y.
• C)0.80Y.
• D)900 + 0.80Y.

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Definitions:

Violence

The use of physical force or power, threatened or actual, against oneself, another person, or against a group or community, that either results in or has a high likelihood of resulting in injury, death, psychological harm, maldevelopment, or deprivation.

Scarce Resources

Resources that are limited in availability and cannot fully meet the demands placed upon them by humans.

Collective Violence

Violence committed by larger groups of individuals and can encompass a wide range of acts, including social, political, and economic violence.

Charles Tilly

A renowned scholar in the fields of sociology and political science, known for his contributions to our understanding of social movements, democracy, and the history of Europe.