Solved

Following Is Consumption Schedules for Three Private Closed Economies

Question 98

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.
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.At an income level of $40 billion,the average propensity to consume: A) is highest in economy (1) . B) is highest in economy (2) . C) is highest in economy (3) . D) cannot be determined from the data given.
-Refer to the above data.At an income level of $40 billion,the average propensity to consume:


A) is highest in economy (1) .
B) is highest in economy (2) .
C) is highest in economy (3) .
D) cannot be determined from the data given.

Correct Answer:

verifed

Verified

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

Related Questions

Q31: If a $50 billion decrease in investment

Q64: If the real interest rate in the

Q83: The consumption schedule is such that:<br>A)both the

Q102: The following table illustrates the multiplier process

Q117: The slope of the consumption schedule is

Q150: In view of your answer to the

Q153: The multiplier is useful in determining the:<br>A)full-employment

Q155: Other things equal, the real interest rate

Q160: When we draw an investment demand curve

Q198: If the MPS is only half as