Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars. Refer to the given data.The marginal propensity to consume in economy (1)is:
A) .5.
B) .3.
C) .8.
D) .7.

Question

Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.  Refer to the given data.The marginal propensity to consume in economy (1)is:
A) .5. 
B) .3. 
C) .8. 
D) .7.

Quizplus · Accepted Answer

The Answer of Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.  Refer to the given data.The marginal propensity to consume in economy (1)is:
A) .5. 
B) .3. 
C) .8. 
D) .7.

Answer the Question on the Basis of the Following Consumption