Consider the Following Information for a Family

question 73

Multiple Choice

Consider the following information for a family. If the income for the family is $58,000, then an increase in income by $20,000 will result in an increase in consumption by:

• A) $15,000 if the MPC is 0.9.
• B) $10,000 if the MPC is 0.5.
• C) $12,000 if the MPC is 0.7.
• D) $1,000 if the MPC is 0.2.

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Definitions:

System Design

The process of defining the architecture, components, modules, interfaces, and data for a system to satisfy specified requirements.

Technical Specifications

Detailed information and criteria about the technical aspects that a product or project must meet.

Technical Feasibility

The assessment of a project's technical aspects to ensure it is possible to design and implement within the available resources and technology.

Communications Components

The fundamental parts that make up a communication system, including the sender, message, medium, receiver, and feedback mechanisms.