Question
Suppose Apple plans to produce 10.4 million iPhones this year. The company expects to sell 7 million. Suppose that at the end of the year,
Suppose Apple plans to produce 10.4 million iPhones this year. The company expects to sell 7 million. Suppose that at the end of the year, Apple has sold 6.7 million iPhones. What is the level of actual inventories?
An economy sees consumption increase by $595.5million when disposable income increases by $945.2. Assuming the marginal propensity to consume remains constant, what is the marginal propensity to save?
Suppose that autonomous consumption is 2,371, government purchases are 657, taxes are 0, planned investment spending is 558, net exports are -45, and the MPC is 0.54. What is the value of autonomous spending?
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