Equations for C,I,G,and NX Are Given Below

question 247

Multiple Choice

Equations for C,I,G,and NX are given below.If the equilibrium level of GDP is $32,000,what is the marginal propensity to consume? C = 5,000 + (MPC) Y
I = 1,500
G = 2,000
NX = -500

• A)0.67
• B)0.75
• C)0.8
• D)0.9

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Definitions:

Reflex

An automatic and involuntary response to a stimulus, bypassing conscious thought.

Automatic Response

A reaction that occurs without conscious thought, typically as a result of learned behaviors or instincts.

Spinal Cord

a vital part of the central nervous system located within the spine, transmitting nerve signals between the brain and the rest of the body.

Spatial Attention

The ability to prioritize visual processing on a particular spatial location in the field of view to enhance detection and analysis of relevant information.