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-Refer to the Above Table

Question 62

Multiple Choice

-Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals $4,000? A) -0.45 B) 0.69 C) 0.7 D) 1.45
-Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals $4,000?


A) -0.45
B) 0.69
C) 0.7
D) 1.45

Correct Answer:

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