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.At an income level of $40 billion,the average propensity to consume:
A) is highest in economy (1).
B) is highest in economy (2).
C) is highest in economy (3).
D) cannot be determined from the data given.

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.At an income level of $40 billion,the average propensity to consume:
A) is highest in economy (1). 
B) is highest in economy (2). 
C) is highest in economy (3). 
D) cannot be determined from the data given.

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.At an income level of $40 billion,the average propensity to consume:
A) is highest in economy (1). 
B) is highest in economy (2). 
C) is highest in economy (3). 
D) cannot be determined from the data given.

Answer the Question on the Basis of the Following Consumption