Refer to the given consumption schedules. DI signiﬁes disposable income and C represents consumption expenditures. All ﬁgures are in billions of dollars. The marginal propensity to consume in
Economy (1) is
A) 0.5.
B) 0.3.
C) 0.8.
D) 0.7.

Question

Refer to the given consumption schedules. DI signiﬁes disposable income and C represents consumption expenditures. All ﬁgures are in billions of dollars. The marginal propensity to consume in
Economy (1) is
A) 0.5. 
B) 0.3. 
C) 0.8. 
D) 0.7.

Quizplus · Accepted Answer

The Answer of  Refer to the given consumption schedules. DI signiﬁes disposable income and C represents consumption expenditures. All ﬁgures are in billions of dollars. The marginal propensity to consume in
Economy (1) is
A) 0.5. 
B) 0.3. 
C) 0.8. 
D) 0.7.

Refer to the Given Consumption Schedules