Exhibit 23-3 -Refer to the Data in Exhibit 23-3

question 46

Essay

Exhibit 23-3 $$\begin{array} { | c | c | } \hline \text { Real GDP } & \text { Consumption } \\\hline \$ 240 \text { billion } & \$ 245 \text { billion } \\\hline 265 \text { billion } & 260 \text { billion } \\\hline 290 \text { billion } & 275 \text { billion } \\\hline 315 \text { billion } & 290 \text { billion } \\\hline\end{array}$$
-Refer to the data in Exhibit 23-3.
(A) What is the mar pinal propensity to consume?
(B) If real GDP were \$340 billian what wauld cansumption equal?

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Definitions:

Self-serving Bias

A cognitive bias that involves attributing positive outcomes to oneself and negative outcomes to external factors.

Spotlight Effect

The belief that others are paying more attention to one's appearance and behavior than they really are.

Self-efficacy

Self-efficacy refers to an individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Defensive Self-esteem

A form of self-esteem characterized by a fragile sense of self that is highly sensitive to perceived criticism or threat.