Solved

Table 91 What Is the Marginal Propensity to Consume in Table 9

Question 16

Multiple Choice

Table 9.1  Disposable Income  (Billions of dollars per year)   Total Consumption  (Billions of dollars per year)   $0 $50200210\begin{array} { | l | c | } \hline \begin{array} { c } \text { Disposable Income } \\\text { (Billions of dollars per year) }\end{array} & \begin{array} { c } \text { Total Consumption } \\\text { (Billions of dollars per year) }\end{array} \\\hline \text { \$0 } & \$ 50 \\\hline 200 & 210 \\\hline\end{array} What is the marginal propensity to consume in Table 9.1?


A) 0.15.
B) 0.80.
C) 0.85.
D) 0.90.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions