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Consider the Following Data A)08
B)0

Question 49

Multiple Choice

Consider the following data. What is the marginal propensity to consume?  Aggregate  Expenditure  (trillions of $)   Real GDP  (trillions of $)  5.956.667.378.088.79\begin{array} { | c | c | } \hline \begin{array} { c } \text { Aggregate } \\\text { Expenditure } \\\text { (trillions of \$) }\end{array} & \begin{array} { c } \text { Real GDP } \\\text { (trillions of \$) }\end{array} \\\hline 5.9 & 5 \\\hline 6.6 & 6 \\\hline 7.3 & 7 \\\hline 8.0 & 8 \\\hline 8.7 & 9 \\\hline\end{array}


A) 0.8
B) 0.7
C) 0.9
D) 0.3

Correct Answer:

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