Multiple Choice
Scenario 34-2.The following facts apply to a small,imaginary economy.
• Consumption spending is $6,720 when income is $8,000.
• Consumption spending is $7,040 when income is $8,500.
-Refer to Scenario 34-2.The marginal propensity to consume for this economy is
A) 0.64.
B) 0.83.
C) 0.56.
D) 0.840.
Correct Answer:
Verified
Correct Answer:
Verified
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