Exhibit 8-4 Disposable income and consumption data

Note: All amounts are in billions of dollars per year. As shown in Exhibit 8-4, if disposable income is $400 billion, the marginal propensity to consume (MPC)is:
A)0.00.
B)0.25.
C)0.75.
D)1.00.

Question

Exhibit 8-4 Disposable income and consumption data
    
Note: All amounts are in billions of dollars per year. As shown in Exhibit 8-4, if disposable income is $400 billion, the marginal propensity to consume (MPC)is:
A)0.00. 
B)0.25. 
C)0.75. 
D)1.00.

Quizplus · Accepted Answer

The Answer of Exhibit 8-4 Disposable income and consumption data
    
Note: All amounts are in billions of dollars per year. As shown in Exhibit 8-4, if disposable income is $400 billion, the marginal propensity to consume (MPC)is:
A)0.00. 
B)0.25. 
C)0.75. 
D)1.00.

Exhibit 8-4 Disposable Income and Consumption Data