If the Equation for the Consumption Schedule Is C =

question 74

Multiple Choice

If the equation for the consumption schedule is C = 20 + 0.8Y, where C is consumption and Y is disposable income, then the average propensity to consume is 1 when disposable income is:

• A)$80
• B)$100
• C)$120
• D)$160

---

Definitions:

Adaptor Pattern

A software design pattern that allows interfaces of incompatible classes to work together by wrapping them in an adapter class.

Underlying Class

The actual implementation class of an object, especially in the context where the object is accessed through an interface or superclass.

Inheritance Diagram

A visual representation of the relationships between parent and child classes in object-oriented programming.

Arrowheads

Graphical symbols used in diagrams to indicate the direction of a relationship or process flow.