Scenario 21-1 $\$ 10,000$ , Consingtion Spending Is $\$ 6,500$ - Whan Income Is

question 54

Multiple Choice

Scenario 21-1. Take the following information as given for a small, imaginary economy:
- When income is $\$ 10,000$ , consingtion spending is $\$ 6,500$
- Whan income is $\$ 11,000$ , cansumption spending is $\$ 7,300$
-Refer to Scenario 21-1. The marginal propensity to consume for this economy is

• A)0.650.
• B)0.664.
• C)0.650 or 0.664, depending on whether income is $10,000 or $11,000.
• D)0.800.

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Definitions:

Rubella

A contagious viral infection known as German measles, characterized by a distinctive red rash, often mild in children but can cause serious congenital defects if contracted by pregnant women.

Syphilis

A sexually transmitted disease caused by the bacterium Treponema pallidum, characterized by distinct stages and potentially serious long-term consequences if untreated.

Radiation

The emission of energy as electromagnetic waves or as moving subatomic particles, especially high-energy particles that cause ionization.

Prenatal Period

The stage of human development that occurs from conception until birth.