Calculate the marginal propensity to consume for the economy from the information given in Table 10.4.

Name: Calculate the marginal propensity to consume for the economy from the information given in Table 10.4.
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The marginal propensity to consume (MPC) is the change in consumption divided by the change in income. From Table 10.4, we can see that when income increases from $100 to $110, consumption increases from $80 to $88. Therefore, the MPC is (88 - 80) / (110 - 100) = 0.9.

Calculate the Marginal Propensity to Consume for the Economy from the Information