Multiple Choice
If disposable income increases from $5 trillion to $6 trillion and,as a result,consumption expenditure increases from $7 trillion to $7.8 trillion,the MPC is
A) 1.0.
B) 6 ÷ 7.8 = 0.77.
C) 6 ÷ 7 = 0.86.
D) 5 ÷ 7 = 0.71.
E) 0.8.
Correct Answer:
Verified
Correct Answer:
Verified
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