The Table Below Shows Disposable Income and Desired Consumption for a Closed

question 77

Multiple Choice

The table below shows disposable income and desired consumption for a closed economy with no government. TABLE 21-1 Refer to Table 21-1.The marginal propensity to save is equal to

• A)0.2.
• B)0.4.
• C)0.6.
• D)0.67.
• E)0.8.

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Definitions:

Physical Effects

The consequences or changes that occur in the body as a result of some external or internal factor.

Biological Transition

Refers to the processes of significant change in an organism's physical state or life stage, such as puberty or menopause.

Puberty

The biological transition to adulthood, in which hormones cause the body to physically mature and permit sexual reproduction.

Adolescence

A developmental stage transitioning from childhood to adulthood, characterized by significant physical, psychological, and social changes.