Solved

The Table Below Shows Disposable Income and Desired Consumption for a Closed

Question 77

Multiple Choice

The table below shows disposable income and desired consumption for a closed economy with no government. The table below shows disposable income and desired consumption for a closed economy with no government. TABLE 21-1 Refer to Table 21-1.The marginal propensity to save is equal to A) 0.2. B) 0.4. C) 0.6. D) 0.67. E) 0.8. TABLE 21-1 Refer to Table 21-1.The marginal propensity to save is equal to


A) 0.2.
B) 0.4.
C) 0.6.
D) 0.67.
E) 0.8.

Correct Answer:

verifed

Verified

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

Related Questions

Q72: Consider the following information for an economy

Q73: Consider a consumption function of the following

Q74: In a simple macro model with demand-determined

Q75: Consider the following information describing a closed

Q76: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 21-1 Refer

Q78: Consider the simplest macro model with a

Q79: The marginal propensity to save refers to

Q80: Consider the simplest macro model with demand-determined

Q81: Consider a simple macro model with a

Q82: The percentage of disposable income that is