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Exhibit 8-1 Disposable Income and Consumption Data

Question 231

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Exhibit 8-1 Disposable income and consumption data
Exhibit 8-1 Disposable income and consumption data In Exhibit 8-1, when disposable income (Y) is increased from $1,000 to $2,000, the marginal propensity to consume is: A) 0.2. B) 0.6. C) 0.8. D) 1.0. E) 1.25. In Exhibit 8-1, when disposable income (Y) is increased from $1,000 to $2,000, the marginal propensity to consume is:


A) 0.2.
B) 0.6.
C) 0.8.
D) 1.0.
E) 1.25.

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