Multiple Choice
Following is consumption schedules for three private closed economies.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.
-Refer to the above data.The marginal propensity to consume:
A) is highest in economy (1) .
B) is highest in economy (3) .
C) is highest in economy (2) .
D) cannot be calculated from the data given.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: The business investment is not based on
Q34: If the MPS is 1, the multiplier
Q42: A $1 billion increase in investment will
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the
Q49: Refer to the consumption schedules shown in
Q50: Assume that for the entire business sector
Q53: Assume that for the entire business sector
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the
Q81: The slope of the saving schedule measures
Q90: If a consumption schedule shifts upward, this