Solved

What Is the Marginal Propensity to Consume in Table 9

Question 22

Multiple Choice

 Disposable Income  (Billions of dollars per year)   Total Consumption  (Billions of dollars per year)  $0$50200210 Table 9.1\begin{array}{l}\begin{array} { | c | c | } \hline \begin{array} { c } \text { Disposable Income } \\\text { (Billions of dollars per year) }\end{array} & \begin{array} { c } \text { Total Consumption } \\\text { (Billions of dollars per year) }\end{array} \\\hline \$ 0 & \$ 50 \\\hline 200 & 210 \\\hline\end{array}\\\text { Table } 9.1\end{array} What is the marginal propensity to consume in Table 9.1?


A) 0.15.
B) 0.80.
C) 0.85.
D) 0.90.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions