Answer the question on the basis of the following data. The data indicate that
A) consumers spend 80 percent of their after-tax incomes.
B) consumers spend 90 percent of their after-tax incomes.
C) a tax reduction will reduce consumption.
D) the relationship between consumption and after-tax income is random.

Question

Answer the question on the basis of the following data.  The data indicate that
A) consumers spend 80 percent of their after-tax incomes. 
B) consumers spend 90 percent of their after-tax incomes. 
C) a tax reduction will reduce consumption. 
D) the relationship between consumption and after-tax income is random.

Quizplus · Accepted Answer

The given data code does not provide any information on tax reduction or the randomness of the relationship between consumption and after-tax income. However, it indicates that consumers spend 90 percent of their after-tax incomes.

Answer the Question on the Basis of the Following Data