1.Which of the following equations is correct? A. MPC + MPS = 1 B. MPC / MPS = 1 C. 1 - MPS = MPC D. 1 / MPC = MPS Select one: a. A and D b. A and B c. C and A d. C and D 2.Which of the following is the correct equation for Aggregate Expenditure in the Economy? Select one: a. C + I + G + M - X b. C + I + G - M + X c. C + I + G + X +M d. C - I + G + X - M 3.If, Private Final Consumption Expenditure = $ 12,000, Exports = $ 5000 Investment Expenditure = $ 4500, Government Final Consumption Expenditure = $ 6800 Imports = $ 7800, Government Investment Expenditure = $ 8900 What would be Real GDP (Income = Y)?

4,If, Autonomous Private Final Consumption Expenditure = $ 12,000, Exports = $ 5000 Investment Expenditure = $ 4500, Government Final Consumption Expenditure = $ 6800 Government Investment Expenditure = $ 8900 Marginal Propensity to Import = 0.4, Marginal Propensity to Save = 0.25, Tax rate = 15% If Government increases its Investment Expenditure by $ 11,000, what would be Real GDP (Income = Y)? Select one: a. 24068.28 b. 46163.93 c. 45163.93 d. 23068.28

5.If, Autonomous Private Final Consumption Expenditure = $ 12,000, Exports = $ 5000 Investment Expenditure = $ 4500, Government Final Consumption Expenditure = $ 6800 Government Investment Expenditure = $ 8900 Marginal Propensity to Import = 0.4, Marginal Propensity to Save = 0.75, tax rate = 15% If Government increases its Investment Expenditure by $ 11,000, what would be change in Real GDP (Income = Y)?

6.If, there is no Income Tax and Private Final Consumption Expenditure = $ 12,000, Exports = $ 5000, Investment Expenditure = $ 4500, Government Final Consumption Expenditure = $ 6800, Imports = $ 7800, Government Investment Expenditure = $ 8900, Marginal Propensity to Import = 0.25, Marginal Propensity to Save = 0.25 What would be the value of Multiplier?