$$\begin{array} { c r } \text { Disposable Income } & \text { Saving } \\\$ 25,000 & \$ 3,000 \\37,000 & 5,000\end{array}$$

question 142

Short Answer

$$\begin{array} { c r } \text { Disposable Income } & \text { Saving } \\\$ 25,000 & \$ 3,000 \\37,000 & 5,000\end{array}$$
-Calculate the MPC.

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Definitions:

Export Surplus

A situation where a country exports more goods and services than it imports.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist whose work in economics laid the basis for much of the current understanding of labor and its relation to capital.

Capital Goods

Items used in the production of goods and services, such as machinery, tools, and buildings, rather than goods consumed directly by end users.

Meager Wages

Very low remuneration for work that often does not suffice for basic living expenses.