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Data on Disposable Income and Consumption Spending for the Adam

Question 48

Multiple Choice

Data on disposable income and consumption spending for the Adam Smith family are given below: Data on disposable income and consumption spending for the Adam Smith family are given below: Based on these data,the Adam Smith family has a marginal propensity to consume of A) 0.9. B) 0.8. C) 0.75. D) 0.6. E) 0.5.
Based on these data,the Adam Smith family has a marginal propensity to consume of


A) 0.9.
B) 0.8.
C) 0.75.
D) 0.6.
E) 0.5.

Correct Answer:

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