The slope of the scatter diagram representing the relationship between consumption and disposable income in the United States is approximately
A)1.10.
B)0.30.
C)0.50.
D)0.90.

Question

Quizplus · Accepted Answer

The slope of the consumption function, which represents the relationship between consumption and disposable income, is typically close to 0.90, indicating that for every additional dollar of disposable income, consumption increases by about 90 cents.

The Slope of the Scatter Diagram Representing the Relationship Between