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If Consumption Is $1 Billion When Disposable Income Is 0

Question 44

Multiple Choice

If consumption is $1 billion when disposable income is 0, and if the marginal propensity to consume is 0.50, what is consumption when disposable income is 50 billion? If it's necessary, round your answer to one decimal place. ​


A) $50.5 billion
B) $626 billion
C) $26 billion
D) $13.5 billion
E) $1,250.5 billion

Correct Answer:

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