Use the table below to answer the following question. What is the marginal propensity to consume?
A) 0.80.
B) 0.88.
C) 0.89.
D) 1.25.
Correct Answer:
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Q12: The marginal propensity to consume is defined
Q29: John Maynard Keynes's central proposition that a
Q30: The marginal propensity to consume (MPC) is
Q87: The ratio of a change in consumption
Q89: The fraction of each added dollar of
Q90: If your disposable personal income increases from
Q94: The change in consumption divided by a
Q95: If your disposable income increases from $30,000
Q96: If your disposable personal income increases from
Q97: Exhibit 8-1 Disposable income and consumption data
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