Multiple Choice
The table given below reports the consumption expenditure of a nation at different levels of disposable income.
Table 9.1
-Refer to Table 9.1. The income level of $18,000 coincides with:
A) the origin of the graph.
B) the point where the consumption function touches the vertical axis.
C) the point where the MPC equals 1.00.
D) the point where the APC equals 1.00.
E) the point where the consumption function crosses the 45-degree line.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: MPI refers to the percentage of additional
Q14: In the table given below Y
Q16: In the table given below Y
Q25: The amount of autonomous consumption in an
Q38: Other things equal, when the U.S.dollar depreciates,
Q53: Saving remaining constant, the average propensity to
Q68: If disposable income rises from $15, 000
Q77: The sum of the MPC and the
Q78: The consumption function has a positive slope
Q89: Identify the correct statement with respect to