Figure 8-1

-Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately
A)$800 billion.
B)$650 billion.
C)$540 billion.
D)$420 billion.

Question

Figure 8-1
​ 
-Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately
A)$800 billion. 
B)$650 billion. 
C)$540 billion. 
D)$420 billion.

Quizplus · Accepted Answer

The scatter diagram likely shows a positive relationship between real disposable income and consumption spending. If real disposable income is $800 billion, the corresponding consumption spending is approximately $540 billion based on the trend or line of best fit in the diagram.

Figure 8-1 ​

Figure 8-1