If Melanie had $200,000 of income and spent $180,000 on consumption in 2010 and had $300,000 of income and spent $240,000 on consumption in 2011:
A) her APC in 2010 was 0.8.
B) her APC in 2011 was 0.9.
C) her MPC was 0.6.
D) her MPC was 0.8.
Correct Answer:
Verified
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