Answer:
The options are wrong, if consumer spending is $375 when income is $500, it has to be higher if income increases (it cannot be lower).
Consumer spending at $510 = $383
Explanation:
the economy's multiplier = 1 / MPS (marginal propensity to save)
5 = 1 / MPS
MPS = 1 / 5 = 0.2
MPC (marginal propensity to consume) = 1 - MPS = 1 - 0.2 = 0.8
consumer spending at $510 = consumer spending at $500 + [$510 - $500) x 0.8] = $375 + ($10 x 0.8) = $375 + $8 = $383
MPC measures how much consumer spending increases if total disposable income increases.
I believe the correct answer from the choices listed above is option C. Political Action Committee guidelines for contributions state that at most only $5,000 per candidate per election, $15,000 per political party per year, and $5,000 <span> per Political Action Committee per year can be donated. Hope this answers the question.</span>
1. It’s probably B and 2 . It’s bit hard but if I had to go with something it would be C
Answer:
31.25 baht/$1
Explanation:
It is obvious that the dollar is a stronger currency among the two currencies, hence, in order to determine the amount of baht that one dollar would exchange for, we need to divide the price of bowl of pho in the weaker currency by the amount of the same bowl of pho in the stronger currency as shown by the formula below:
baht/$=price of bowl of pho in baht/price of bowl of pho in $
price of bowl of pho in baht=250 baht
price of bowl of pho in $=$8
baht/$=250 baht/$8
baht/$ exchange rate=31.25 baht/$1
