-According to the Data in the Above Table, What Is

question 436

Multiple Choice

$$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Disposable } \\\text { income } \\\text { (thousands of } \\\text { dollars) }\end{array} & \begin{array} { l } \text { Consumption } \\\text { exp enditure } \\\text { (thousands of dollars) }\end{array} \\\hline 200 & 225 \\\hline 300 & 300 \\\hline 400 & 375 \\\hline 500 & 450 \\\hline\end{array}$$
-According to the data in the above table, what is the marginal propensity to consume?

• A) 1.
• B) 100.
• C) 75.
• D) 0.75.

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Definitions:

Uniformly Distributed

Uniformly distributed indicates that all outcomes in a data set or probability distribution have the same or nearly equal chance of occurring.

Standard Deviation

A tool to determine the degree of difference or dispersion within a batch of data.

Standard Normal

A type of normal distribution with a mean of 0 and a standard deviation of 1.

Random Variable

A numerical value variable resulting from random phenomena.