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.

---

Definitions:

Init Method

A function in object-oriented programming used to initialize newly created objects.

ImageIcon

A class in the Swing library of Java that encapsulates images used in applications, allowing for the manipulation and display of those images.

Horizontal Line

A straight line that runs from left to right parallel to the x-axis in a coordinate system.

HTML Tag

A piece of code used in HTML to denote the structure and formatting of web page content, surrounded by angle brackets.