Answered: assuming government choose to invest…

assuming government choose to invest 100 000 in economy, calculate how much is going to the national income if PMC is 0.2 Select one: a. 125 000 b. 50 000 c. 500 000 d. 100 000

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 17RQ: Over the last century, during what periods was the U.S. inflation late highest and lowest?

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Question

Q31

assuming government choose to invest 100 000 in economy, calculate how much is going to the national income if PMC is 0.2

Select one:

a. 125 000

b. 50 000

c. 500 000

d. 100 000

Definition Definition Monetary value of all goods and services produced in an economy during a financial year. National income also refers to the total income earned by the factors of production during a financial year.

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