Multiple Choice
(Table) The table shows data on consumption at various levels of income. The value of the marginal propensity to consume is:
A) 0.25.
B) 0.75.
C) 0.8.
D) 0.9.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: When the costs of operating machinery rise,
Q47: Spending by the government (federal, state, and
Q49: In the Keynesian aggregate expenditure model, prices
Q50: Which of the following illustrates the paradox
Q51: If MPC = 0.6, what is the
Q52: Suppose the government is mandated by law
Q54: The balanced budget multiplier changes according to
Q56: In the simple Keynesian model of the
Q57: Suppose economists observe that an increase in
Q189: Disposable income equals income minus government spending.