Solved

(Table) When Disposable Income Is $1,200, What Is the Value

Question 19

Multiple Choice

(Table) When disposable income is $1,200, what is the value of the average propensity to save?  Disposable  Income  Consumption $1,000$1,200$1,200$1,300$1,400$1,400$1,600$1,500$1,800$1,600\begin{array} { | c | c | } \hline \begin{array} { c } \text { Disposable } \\\text { Income }\end{array} & \text { Consumption } \\\hline \$ 1,000 & \$ 1,200 \\\hline \$ 1,200 & \$ 1,300 \\\hline \$ 1,400 & \$ 1,400 \\\hline \$ 1,600 & \$ 1,500 \\\hline \$ 1,800 & \$ 1,600 \\\hline\end{array}


A) -0.5
B) -1.5
C) -1.083
D) -0.083

Correct Answer:

verifed

Verified

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

Related Questions