Refer to the Above Diagram

question 96

Multiple Choice

Refer to the above diagram.The marginal propensity to consume is equal to:

• A)AE/0E.
• B)CB/AB.
• C)CF/CD.
• D)CD/CF.

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Definitions:

Empirical Method

A method of acquiring knowledge based on observation, experimentation, and the collection of data.

Item Selection

The process of choosing questions or tasks for a test or questionnaire to ensure its validity and reliability.

Factor Analytic Technique

A statistical method used to describe variability among observed, correlated variables in terms of potentially lower number of unobserved variables, called factors.

Test Construction

The process of developing a test that accurately measures what it is intended to measure, with reliability and validity.