If for Every One Dollar Increase in Income,savings Increases by 25

question 8

Multiple Choice

If for every one dollar increase in income,savings increases by 25 cents,the marginal propensity to consume is _________ and the closed economy multiplier is ______.

• A).25,4
• B).75,4
• C).25,.04
• D).75,1.333

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Definitions:

Rank

Rank often refers to the position or level of something or someone in a particular order or hierarchy.

Mathematical N-Tuples

An ordered list of n elements, where n can be any non-negative integer, used in mathematics to represent fixed-length sequences.

Data Type

A classification of data which tells the compiler or interpreter how the programmer intends to use the data, such as int, float, or char in languages like C and C++.

Individual Data Elements

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