Solved

Table 23-4 -Refer to Table 23-4

Question 102

Multiple Choice

Table 23-4
 Consumption  (dollars)   Disposable Income  (dollars)  $600$1,0009001,5001,2002,000\begin{array} { | c | c | } \hline \begin{array} { c } \text { Consumption } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Disposable Income } \\\text { (dollars) }\end{array} \\\hline \$ 600 & \$ 1,000 \\\hline 900 & 1,500 \\\hline 1,200 & 2,000 \\\hline\end{array}
-Refer to Table 23-4.Given the consumption schedule in the table above,the marginal propensity to consume is


A) 0.5.
B) 0.6.
C) 0.75.
D) 0.8.

Correct Answer:

verifed

Verified

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

Related Questions