Advanced Placement (AP), 04.05.2021 22:20, alliemeade1

1) Derrick gets a salary increase from $62,500 to $67,500. Over the following year, he spends $3,500 more than he did the previous year. Based on this data calculate the following values. Show your work and write out any formulas you use. a) What is Derrick’s Marginal Propensity to Consume (MPC)? (2 points)
b) What is the value of Derrick’s spending multiplier based on your answer to part A? (2 points)

Answers: 1

Show answers

Other questions on the subject: Advanced Placement (AP)

Advanced Placement (AP), 26.06.2019 19:00, rafaellazaro60pcw3w5

Which of the following is not an example of homeostasis? a) perspiring in order to restore normal body temperature b) feeling hungry and eating to restore the level of blood glucose to normal c) feeling hungry at the sight of appetizing food d) quenching thirst and drinking water to hydrate the body e) all of the above are examples of homeostasis

Answers: 1

continue

Advanced Placement (AP), 27.06.2019 00:30, scottbrandon653

Submitting the profile which includes sending a report to one college cost

Answers: 1

continue

Advanced Placement (AP), 27.06.2019 08:00, montgomerykarloxc24x

Recycled water is best used for a) drinking b) bathing c) lawns d) dishes e) laundry

Answers: 1

continue

Advanced Placement (AP), 27.06.2019 17:30, niya11057

Find the area of the triangle with a = 35 b = 11 and c = 10 feet round to the nearest tenth