Solved

Table 91 Which of the Following Represents the Consumption Function Consistent with
\hline

Question 102

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} Which of the following represents the consumption function consistent with the data in Table 9.1?


A) C = $160 billion + 0.91YD.
B) C = $160 billion + 0.80YD.
C) C = $50 billion + 0.76YD.
D) C = $50 billion + 0.80YD.

Correct Answer:

verifed

Verified

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

Related Questions