Refer to the information provided in Table 8.2 below to answer the questions that follow.
Table 8.2
-Refer to Table 8.2. Society's MPS is
A) 0.1.
B) 0.2.
C) 0.3.
D) 0.9.

Name: Refer to the information provided in Table 8.2 below to answer the questions that follow. Table 8.2 -Refer to Table 8.2. Society's MPS is A) 0.1. B) 0.2. C) 0.3. D) 0.9.
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Question

Refer to the information provided in Table 8.2 below to answer the questions that follow.
Table 8.2 
-Refer to Table 8.2. Society's MPS is
A) 0.1. 
B) 0.2. 
C) 0.3. 
D) 0.9.

Quizplus · Accepted Answer

MPS is the slope of the consumption function. The consumption function is C = 100 + 0.1Y. Therefore, MPS is 0.1.

Refer to the Information Provided in Table 8