The following table shows a hypothetical relationship between consumption and income.Answer the indicated question(s) on the basis of this table.
Table 12.1-Income and consumption data 
-Based on Table 12.1,what is the marginal propensity to consume?
A) 0.60
B) 0.75
C) 0.80
D) 0.85
Correct Answer:
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Q109: Figure 12.1: Q110: The following table shows a hypothetical relationship Q111: Which of the following will definitely reduce Q112: Figure 12.2: Q113: Figure 12.1: Q115: Figure 12.2: Q116: If the federal government uses its budget Q117: The following table shows a hypothetical relationship Q118: A budget deficit occurs if government spending: Q119: Figure 12.1: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
