If Spending Increased by $200, and the GDP Increased $1,000

question 96

Multiple Choice

If spending increased by $200, and the GDP increased $1,000 as a result, the MPC must be:

• A) 0.80
• B) 0.75
• C) 4
• D) 5

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Definitions:

Virtuous Person

refers to an individual who embodies moral excellence in their behavior and character, acting with integrity, honesty, courage, and compassion in various situations.

Situation

A set of circumstances or a state of affairs at a particular time and place.

Fundamental Principle

A basic, essential rule or concept that serves as the foundation for a system of belief, behavior, or reasoning.

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history, known for his works on ethics, politics, logic, and science.