Suppose Marginal Propensity to Consume (MPC) Is 0

question 109

Multiple Choice

Suppose marginal propensity to consume (MPC) is 0.7 and there is a $100 increase in autonomous consumption. Given this information, real GDP will increase by

• A) $333.
• B) $143.
• C) $1,000.
• D) $700.

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Definitions:

Preschool-aged Child

Describes children typically between the ages of 3 to 5 years, who are in the developmental stage prior to entering elementary school.

Whole-language Approach

An educational method for teaching reading that emphasizes the understanding and meaning of words in context rather than focusing on phonics and decoding skills.

Reading Educator

A professional specializing in teaching reading skills, often focusing on techniques, assessments, and interventions to improve literacy.

Oral Language

The system of spoken words that individuals use to communicate with one another.