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Data on After-Tax Income and Consumption Spending for the Adam

Question 50

Multiple Choice

Data on after-tax income and consumption spending for the Adam Smith family are given below: Data on after-tax income and consumption spending for the Adam Smith family are given below: Based on these data, the Adam Smith family has a marginal propensity to consume equal to: A) 0.9. B) 0.8. C) 0.75. D) 0.6. Based on these data, the Adam Smith family has a marginal propensity to consume equal to:


A) 0.9.
B) 0.8.
C) 0.75.
D) 0.6.

Correct Answer:

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