Exhibit 23-3 $$\begin{array} { | c | c | }
\hline \text { Real GDP } & \text { Consumption } \
\hline \$ 240 \text { billion } & \$ 245 \text { billion } \
\hline 265 \text { billion } & 260 \text { billion } \
\hline 290 \text { billion } & 275 \text { billion } \
\hline 315 \text { billion } & 290 \text { billion } \
\hline
\end{array}$$
-Refer to the data in Exhibit 23-3.
(A) What is the mar pinal propensity to consume?
(B) If real GDP were \$340 billian what wauld cansumption equal?

Question

Exhibit 23-3 $$\begin{array} { | c | c | } 
\hline \text { Real GDP } & \text { Consumption } \
\hline \$ 240 \text { billion } & \$ 245 \text { billion } \
\hline 265 \text { billion } & 260 \text { billion } \
\hline 290 \text { billion } & 275 \text { billion } \
\hline 315 \text { billion } & 290 \text { billion } \
\hline
\end{array}$$
-Refer to the data in Exhibit 23-3.
 (A) What is the mar pinal propensity to consume?
(B) If real GDP were \$340 billian what wauld cansumption equal?

Quizplus · Accepted Answer

The Answer of Exhibit 23-3 $$\begin{array} { | c | c | } 
\hline \text { Real GDP } & \text { Consumption } \
\hline \$ 240 \text { billion } & \$ 245 \text { billion } \
\hline 265 \text { billion } & 260 \text { billion } \
\hline 290 \text { billion } & 275 \text { billion } \
\hline 315 \text { billion } & 290 \text { billion } \
\hline
\end{array}$$
-Refer to the data in Exhibit 23-3.
 (A) What is the mar pinal propensity to consume?
(B) If real GDP were \$340 billian what wauld cansumption equal?

Exhibit 23-3 -Refer to the Data in Exhibit 23-3