According to the above table, the marginal propensity to consume is
-According to the above table, if real Gross Domestic Product (GDP) equals $30,000, planned saving equals
A) $2,000.
B) $3,000.
C) $4,000.
D) $5,000.
Correct Answer:
Verified
Q72: Suppose when real disposable income is $5000,
Q73: The life-cycle theory of consumption predicts that
Q74: According to Keynes
A) consumption is positively related
Q75: Q76: The break-even point on the consumption function Q78: According to the above table, the marginal Q79: According to the permanent income hypothesis, Lisa's Q80: According to the consumption function, if the Q81: Q82: 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