Total Planned Expenditure (Equals Total Output)is 14,000 When Autonomous Consumption

question 69

Multiple Choice

Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450.When autonomous consumption expenditure falls to 400,total planned expenditure (equals total output) is 13,800.The marginal propensity to consume is ________.

• A)0.89
• B)0.75
• C)0.99
• D)0.44
• E)0.03

Identify factors that cause shifts in real GDP and nominal GDP across different time periods.

Apply knowledge of economic indicators to assess the health and trends in an economy.

Learn how to calculate changes in price levels and inflation rates between different years.

Understand the conceptual distinction between measuring GDP using current-year versus base-year prices.

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The ability to read and write at a level that enables individual participation in society, access to information, and continued learning.