Questions asked
Willis James
Numerade educator
Last year, Akua earned a salary of GHS 25000 and she spent GHS 24000 thus saving GHS1000. At the end of the year, she received a bonus of GHS 1000 and she spent GHS 500 of it saving the other GHS 500. What was her marginal propensity to consume?
Sanchit Jain
is Interest paid by businesses Counted in national income, but not in GDP
Hubert Agamasu
If GNP is 675 billion cedis receipt of Factor income from the rest of the world are 50 billion cedis,and payment of Factor income to the rest of the world are 75 billion cedis then GDP is
Which of the following is an example of an expansionary fiscal policy A. The bank of Ghana selling government securities in the open market B. The Ghana government increasing the marginal tax rate on income above 200,000 cedis C. The Ghana government increasing the amount of money spent on public health programs D. The Ghana government reducing pollution standard to allow firms to produce more output
Benjamin Densmore
The GDP deflector in year 3 is 85 using year 1 as a base year. this means that on average, the price of goods and services isA. 15% higher in year 3 than in year 1B. 7.5% higher in year 3 than in year 1C. 15% higher in year 1 than in year 3D. 7.5% higher in year 1 than in year 3
The government debt is reduced when it ____ A. Balances its budget B. Sells more bonds C. Runs a deficit D. Runs a surplus
Maria Dearborn
If other things remain the same, if a country saves less, then net capital outflow__________A. Rises so net export riseB. Falls so net exports Falls C. Falls so net exports rise D. Rises so net exports Falls
Shu Naito
Suppose consumption is 20,000 cedis when income is 32,000 cedis and the MPC equals 0.8 when income increases to 40,000 cedis, consumption is ____
Anand Jangid
In the development of the IS Curve, one variable that turns from exogenous to endogenous is ____________ A. The interest rate B. Consumption C. Saving D. Investment
18. The investment and saving line in the IS-LM model connects points _______________. A. of equilibrium in the goods market and the money market. B. of equilibrium in the money market at different interest rates. C. of equilibrium in the goods market at different interest rates. D. at which investment and saving are equal.