Figure 8-1

-Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately

Question

Figure 8-1
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-Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately

Quizplus · Accepted Answer

The scatter diagram likely shows a positive relationship between real disposable income and consumption spending. If real disposable income is $800 billion, the corresponding consumption spending is approximately $540 billion based on the trend or line of best fit in the diagram.

Figure 8-1 ​

Figure 8-1