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QUESTION 13 Two lines, A and B, intersect a 45 degree line on the Private Spending versus GDP graph below. At which GDP value (in
QUESTION 13 Two lines, A and B, intersect a 45 degree line on the Private Spending versus GDP graph below. At which GDP value (in billions) does line B intersect the 45 degree line? 420 420 & o 400 390 380 Private Spending (in billions of dollars) 370 45 g 70 =80 280 400 410 420 430 GDP (in billions of dollars) QUESTION 14 The slope of a line refers to: O the place where the line intersects the x-axis. O the place where the line intersects the y-axis. O a value representing the rate of change of one variable when compared to another. O a value that represents the distance between both the x and y axes and a point on the line. QUESTION 15 Compute the slope of the Saving vs. Disposable Income line below. 16 14 12 10 Savings (in thousands of dollars) N O 390 400 410 420 430 440 450 Disposable Income (in thousands of dollars) O -4 O -.25 O .25 0 4QUESTION 16 In the graph below, the slope of the line AB is 4 3 2 0 1 2 3 4 O positive ) negative QUESTION 17 The equation used to compute Gross Domestic Product (GDP) is (GDP)=C + 1+ G+ X If GDP = 6737, 1 = 1038, G = 1174, and X = -102 the value for C is ) 4423 O 4627 ) 6841 () none of these QUESTION 18 The speed at which money changes hands (V) is represented by the equation below. Use this equation to find M. PQ V= O M = V/PQ O M = VPQ O M = V- PQ O M = PQ/V
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