Following Is Consumption Schedules for Three Private Closed Economies

question 154

Multiple Choice

Following is consumption schedules for three private closed economies.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars. Refer to the above data.The marginal propensity to consume:

• A)is highest in economy (1).
• B)is highest in economy (3).
• C)is highest in economy (2).
• D)cannot be calculated from the data given.

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Definitions:

Economic-Level Developments

Refers to significant changes or advancements in an economy, affecting growth, employment, and living standards.

Complex Human Systems

Complex Human Systems refer to intricate networks of interactions and relationships between individuals and groups within organizations or societies, characterized by interdependence and adaptability.

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A holistic approach to analysis that focuses on the way that a system's constituent parts interrelate and how systems work over time within the context of larger systems.