If Consumption Is $5,000 When Income Is $5,000, and Consumption

question 43

Multiple Choice

If consumption is $5,000 when income is $5,000, and consumption increases to $10,000 when income increases to $12,000, the marginal propensity to save is:

• A) 0.71.
• B) 0.43.
• C) 0.33.
• D) 0.29.

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Definitions:

Insomnia

A sleep disorder that makes it hard for one to fall asleep, stay asleep, or causes one to wake up too early and not be able to get back to sleep.

Asthma

A chronic respiratory condition marked by episodes of breathing difficulty due to inflamed and narrowed airways.

Diabetes

A metabolic disorder characterized by high blood sugar levels over a prolonged period, leading to serious damage to the heart, blood vessels, eyes, kidneys, and nerves.

Social Support

The assistance and comfort received from friends, family, and others, critical for maintaining psychological well-being.