Seven persons F, G, H, I, J, K and L has an exam on a

For which of the following consumption functions, the value of income multiplier, k=5?

Given the following data for an economy:

National Income: $700 billion

Depreciation: $50 billion

  The wealth distribution in a certain country is described by following Lorenz Function

Among the following production functions which one is having decreasing returns to scale

The costs of inflation are?

With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:

In the long run, the steady state rate of growth of a capitalist economy 

Consider an economy described by the following equations:

C = 100 + 0.6 ∗ (Y − T) (consumption function)