Table 91 What Is the Rate of Saving When Income Equals $300

question 61

Multiple Choice

Table 9.1 $$\begin{array} { | l | c | } \hline \begin{array} { c } \text { Disposable Income } \\\text { (Billions of dollars per year) }\end{array} & \begin{array} { c } \text { Total Consumption } \\\text { (Billions of dollars per year) }\end{array} \\\hline \text { \$0 } & \$ 50 \\\hline 200 & 210 \\\hline\end{array}$$ What is the rate of saving when income equals $300 billion in Table 9.1?

• A)Zero.
• B)$50 billion.
• C)$10 billion.
• D)-$290 billion.

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Definitions:

Sales

The process of exchanging goods or services for money; it involves quantifying the number of items sold and the revenue generated from such transactions.

Advertising

The act or practice of calling public attention to products, services, needs, etc., especially by paid announcements in newspapers, magazines, on radio, or on television.

Least Squares Line

The line of best fit determined by minimizing the sum of the squares of the differences between observed values and the values predicted by the line.

Predicted Amount

The value estimated based on a statistical model or analysis.