If consumption is $8,000 when disposable income is $10,000, the marginal propensity to consume
A) is 0.75.
B) is 0.80.
C) is 1.25.
D) is 0.50.
E) cannot be determined from the information given.
Correct Answer:
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Q11: A household
A)consumes, saves, or pays taxes out
Q12: If a household's disposable income increases from
Q13: Use the figure below to answer the
Q14: If the marginal propensity to save is
Q15: The marginal propensity to save
A)is greater than
Q17: The marginal propensity to consume
A)is greater than
Q18: Use the figure below to answer the
Q19: The sum of the marginal propensity to
Q20: If consumption expenditure for a household increases
Q21: Use the table below to answer the
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