something like there was investment of 100 and it rose equlibrium income to 250. what is MPC.
250 / 100 = k = 2.5
k = 1 / (1-MPC)
1-MPC = 1/2.5
MPC = 1 - 1/2.5
MPC = 0.6
nah i don't really care about earlier posts. i read the thread, get the gist of what everyone's saying. you know what you wrote in the exam and if it's right well you've got nothing to worry about
don't worry somehow i don't think the markers will dispute which type of tree you specified in answer.
ie. tree is renewable
mineral is non-renewable
- general rule of thumb
yeah good this man knows what he's talking bout :)
also, my initial reaction was stagflation, filled out whole answer then realised my stupidity in just looking at directino of CPI. so i changed my whole answer. so i have SOME sympathy for those who made the critical error of ever stating...
OMG stop trying to convince yourself. OK here is how it works:
YEAR CPI
1 100
2 102
3 103
OK now let me first make it clear that inflation NEVER rises! It beigns at 2% then falls in the next year. just because year one has a base index of 100, doesn't mean 2% is a...
yeah nice way of looking at things. i rekkon everyone's thinking too hard about that crappy liabilities thing. B IS RIGHT. whether A is/isn't doesn't really concern any human 'B'ings...sorry