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-Refer to the Above Table

Question 384

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 $14,000? A) 0.09 B) 0.7 C) 0.91 D) 1.1
-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 $14,000?


A) 0.09
B) 0.7
C) 0.91
D) 1.1

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