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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Following Is Consumption Schedules for Three Private Closed Economies