Data on after-tax income and consumption spending for the Adam Smith family are given below: Based on these data, the Adam Smith family has a marginal propensity to consume equal to:
A)0.9.
B)0.8.
C)0.75.
D)0.6.

Question

Data on after-tax income and consumption spending for the Adam Smith family are given below:  Based on these data, the Adam Smith family has a marginal propensity to consume equal to:
A)0.9. 
B)0.8. 
C)0.75. 
D)0.6.

Quizplus · Accepted Answer

The Answer of Data on after-tax income and consumption spending for the Adam Smith family are given below:  Based on these data, the Adam Smith family has a marginal propensity to consume equal to:
A)0.9. 
B)0.8. 
C)0.75. 
D)0.6.

Data on After-Tax Income and Consumption Spending for the Adam