Use the table below to answer the following questions.
Table 11.1.1
The following table shows the relationship between consumption expenditure C) and disposable income YD) for a hypothetical economy.
-Refer to Table 11.1.1.The marginal propensity to consume is

Question

Use the table below to answer the following questions.
Table 11.1.1
The following table shows the relationship between consumption expenditure C) and disposable income YD) for a hypothetical economy. 
-Refer to Table 11.1.1.The marginal propensity to consume is

Quizplus · Accepted Answer

The marginal propensity to consume (MPC) is calculated as the change in consumption divided by the change in disposable income. If consumption increases by $75 when disposable income increases by $100, the MPC is 0.75 ($75/$100).

Use the Table Below to Answer the Following Questions