(12)     When the consumption function lies above the 45-degree line, households            (a)        spend on consumption a decreasing percentage of any increase in income. (b)       save all of any increase in income. (c)        are dissaving. (d)       spend on consumption an increasing percentage of any increase in income.

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Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You

What is a foreign exchange rate? (a) The rate at which the currency of one country trades for the goods ofanother country.(b) The rate at which one country’s goods trade for those of another country.(c) The rate at which currencies of different countries are exchanged.(d) The rate at which one country’s currency trades for gold provided byanother country. Induced consumption is: (a) the part of consumption which is independent of the level of income.(b) the minimum level of consumption that is financed from sources other than income.(c) The maximum level of consumption that is financed from sources other than income.(d) shown by the slope of the consumption function. In the Keynesian model, an introduction of a proportional tax will: (a) increase the slope of the consumption function.(b) reduce the multiplier.(c) increase the equilibrium level of income.(d) increase the multiplier. A decrease in the price level will: (a) shift the AS curve to the left.(b) shift the AD curve to the…

Aggregate Variables Value (in billions of dollars) in the base year Consumption spending $900 Investment spending $400 Government spending $200 Transfer payments $60   The marginal propensity to save is equal to 0.4 and there are no exports or imports,   (a) Calculate the real GDP in this country, Show your work   (b) Calculate the marginal propensity to consume Show your work.   (c) Suppose that the government increases spending from $200 billion to $300 billion   (i) Calculate the maximum change in real GDP. Show your work   (ii) Given the change in real GDP in part (c)(i), calculate the maximum level of the new equilibrium real GDP. Show your work   (d) Suppose that taxes decrease by $100 billion. Will the maximum change in real GDP be larger than, smaller than, or equal to the change in part (c)(i)? Explain.

The value of Consumption is $2000 and the disposable income is given as $2700 Calculate the value of APC

(e) $1,250 per week $1,100 per month $3,000 per year Income from wages: Rental income: Income from investments: $58 per month National Insurance contributions: $129 per month Group Medical Insurance premium: Contribution to private pension fund $60 per month. Calculate: (i) the gross monthly income (ii) the disposable income per month (iii) the monthly savings if expenditure is $3,200 per month.

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39 - Which consumption is dependent on income?A) Marginal ConsumptionB) Nominal ConsumptionC) Real ConsumptionD) Autonomous ConsumptionE) Stimulated Consumption

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