Bill receives a raise of $1000 per month. From this he spends an extra $800 and saves an extra $200. His MPC would be a) 1.25 b) 0.8 c) 0.2 d) 0.

Bill receives a raise of $1000 per month. From this he spends an extra $800 and saves an extra $200. His MPC would bea) 1.25b) 0.8c) 0.2d) 0.25e) 4 Human Capital refers toa) the skills of workersb) the workersc) machinery designed to easy use by workersd) technology created by workerse) all of the aboveUS imports are most likely to increase whena) prices in the US fallb) prices in Europe risec) income in the US risesd) income in Europe risese) US exports rise

Bill receives a raise of $1000 per month. From this he spends an extra $800and saves an extra $200. His MPC would be a) 1.25 b) 0.8c) 0.2d) 0.25e) 4Answerb)0.8Calculation: 800/1000=0.8Human...