An increase of $250 million investment in an economy resulted in total increase in income of $1000 million. Calculate the value of MPC

Induced Consumption is:     A. that part of consumption that varies with the level of GDP   B. that part of consumption that varies with nondurable goods   C. that part of consumption that varies with durable goods   D. that part of consumption that varies with the level of disposable income

explain how total output and total income are related to each other, and why they are related?

2. Consumption spending is $3.708 trillion, spending on nondurable goods is $1.215 trillion, and spending on services is $2.041 trillion. What does spending on durable goods equal? 3. Inventory investment is $62 billion and total investment is $1.122 trillion. What does fixed investment equal?