Solved

-Refer to the Above Table

Question 189

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 save equal 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 save equal when real disposable income equals $14,000?


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q96: If real disposable income increases, the average

Q184: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5016/.jpg" alt=" -Refer to the

Q186: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5016/.jpg" alt=" -Refer to the

Q186: According to Keynes, real saving and real

Q188: Which of the following is TRUE?<br>A)APC +

Q190: A situation in which spending exceeds income

Q193: Government purchases<br>A)are determined by the public.<br>B)are determined

Q227: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Consider the above

Q343: At the point at which the consumption

Q417: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above