Refer to the information provided in Table 24.8 below to answer the question(s) that follow.
Table 24.8
All Figures in Billions of Dollars

-Refer to Table 24.8. The MPC is

Question

Refer to the information provided in Table 24.8 below to answer the question(s) that follow.
Table 24.8
All Figures in Billions of Dollars
 
-Refer to Table 24.8. The MPC is

Quizplus · Accepted Answer

The MPC is the change in consumption divided by the change in income. In this case, the MPC is 0.9 because the change in consumption is 90 and the change in income is 100.

Refer to the Information Provided in Table 24