Page 81 - Macroeconomics. book docx_Neat

A. Income approach

B. Output approach

C. Expenditure approach

D. Production approach

Answer: A

9- If MPC = 0.7, MPS equals:

A. 0.3

B. 0.7

C. 1.7

D. 0

Answer: A

10- Consumption increases when:

A. Income decreases

B. Income increases

C. Saving increases

D. . Taxes increase

Answer: B

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