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
A) is highest in economy (1).
B) is highest in economy (2).
C) is highest in economy (3).
D) cannot be calculated from the data given.

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
A) is highest in economy (1). 
B) is highest in economy (2). 
C) is highest in economy (3). 
D) cannot be calculated from the data given.

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
A) is highest in economy (1). 
B) is highest in economy (2). 
C) is highest in economy (3). 
D) cannot be calculated from the data given.

Refer to the Given Consumption Schedules