Why value of MPC is not greater than one
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Why the value of MPC is not greater than 1?
Answer: This is because change in consumption can never be more than change in income.
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Meaning: - as mentioned above, the balance of payments is a periodic accounting of international economic transactions. Each country having regular economic transactions with other countries prepares periodically the final accounts of their foreign receipts and paymen
Assume that you consume bananas and apples, and the marginal utility of the last apple consumed is 6 times the marginal utility of last banana consumed. Though, the price of apples is only 3 times the price of bananas. This disequilibrium among the two goods can be re
In calculating the GDP national income accountants:
When cost of a foreign currency increases its supply too increases. Elucidate why?
Why can be value of MPC be not more than one? Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
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What is another name of macroeconomics? Answer: Income theory
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