Suppose When Disposable Personal Income Increases from $10,000 to $15,000

question 193

Multiple Choice

Suppose when disposable personal income increases from $10,000 to $15,000, consumption increases from $9,000 to $13,000. What is the marginal propensity to consume?

• A) 0.2
• B) 0.4
• C) 0.6
• D) 0.8

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Definitions:

Regular Exercise

Engaging in physical activities on a consistent basis to improve or maintain one's physical fitness and overall health.

High Levels

A term that indicates a greater than average quantity, intensity, or degree in a given context.

Team Sports

Sports that involve players working together towards a common objective, typically involving competitive play against another team.

Organized Sports

structured physical activities, usually competitive, that are governed by a set of rules and organized by leagues, clubs, or associations.