-Based on the figure above, the marginal propensity to consume is

Question

Quizplus · Accepted Answer

The marginal propensity to consume (MPC) is calculated by the change in consumption divided by the change in income. Without a specific figure provided, the general formula is MPC = ΔC / ΔY. Given the choices, an MPC of 0.67 suggests for every additional dollar of income, consumption increases by 67 cents, which is a typical value for MPC in many economic contexts.

-Based on the Figure Above, the Marginal Propensity to Consume