The Table Given Below Shows the Real GDP, Aggregate Expenditures

question 101

Multiple Choice

The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy. Table 10.4
Calculate the marginal propensity to consume for the economy from the information given in Table 10.4.

• A)0.9
• B)0.8
• C)0.5
• D)0.2
• E)0.1

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Definitions:

Interaction Effect

The effect on a dependent variable that arises from the combination of two or more variables, different from the sum of their separate effects.

Main Effect

The direct influence of an independent variable on a dependent variable in an experiment.

Simple Effect

A statistical term that describes the effect of one factor at a specific level of another factor within an ANOVA test.

Marginal Mean

The average value of a variable across different levels of another variable, often used in the context of multivariate experiments and statistical analysis.