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Suppose G = 400 and government net tax revenue is 20 percent of national income (Y). Government saving is negative for all values of Y... 'T' a. Below 1 000. m b. Above '10 000. (3. Below 2 000. C\"? d. Above 2 000. e. Above 8 000. Given a marginal propensity to consume out of disposable income of 0.7 and a net tax rate of 40 percent of national income, the marginal propensity to consume out of national income is... O a. 0.30 O b. 0.28 O c. 0.18 O d. 0.42. O e. 0.12In general, the marginal propensity to spend is the change in total desired expenditure induced by a change in whereas the marginal propensity to consume is the change in desired consumption expenditure induced by a change in . In the case of the simple macro model with no government and no international trade, the marginal propensity to spend is the marginal propensity to consume. a. Disposable income; national income; equal to. m b. National income; disposable income; equal to. m c. National income; disposable income; greater than. '77 d. National income; disposable income; smaller than. e. Disposable income; national income; greater than. The table below shows disposable income and desired consumption for a closed economy with no government. Disposable Desired Income Consumption - The marginal propensity to save is equal to... \"\"3. 0.2. I\"? b. 0.67. \"To. 0.6. \"id. 0.8. e. 0.4. Using GDP as a measure of the economic well-being of a country can be criticised for ignoring non-market and other activities. However, it remains useful because... A a. It provides a good indication of household income distribution when measured from the income side. A b. The change in GDP from one year to the next is a good indication of what rates of ination and unemployment will be. A c. GDP is the best measure we have of the effects of economic "bads" on the well-being of the country. A d. The change that is measured in GDP from one year to the next is a good indication of the change in economic activity. e. it is simply not possible to reform the current measure of GDP. A worker is considered unemployed if that worker has no job, is legally eligible to work... 3. But only if they were previously employed for at least three consecutive months. ('7' b. Whether the worker is looking for a job or is not looking for a job. A c. And is not collecting unemployment insurance. m d. And is actively searching for employment. e. But only if they previously held a job
