If Consumption Is $6

question 80

Multiple Choice

If consumption is $6.3 billion when disposable income is 0, and if the marginal propensity to consume is (in billions of dollars) , find the national consumption function. If it's necessary, round your calculations to three decimal places. ​

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Definitions:

Euro

The official currency used by 19 of the 27 European Union countries, also known as the eurozone.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year's time, including cash, inventory, and receivables.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.