Suppose When Disposable Personal Income Increases from $10,000 to $15,000

question 219

Multiple Choice

Suppose when disposable personal income increases from $10,000 to $15,000, consumption increases from $9,000 to $13,000. What is the marginal propensity to save?

• A) 0.2
• B) 0.4
• C) 0.6
• D) 0.8

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Definitions:

Kinsey's Work

Refers to the research conducted by Alfred Kinsey and his colleagues on human sexual behavior, famously published in the "Kinsey Reports."

Moral Breakdown

A situation where individuals or society fail to uphold ethical values, often leading to chaos or conflict.

Random Sample

A portion of a larger group collected in an unbiased way.

Inferences

The process of drawing logical conclusions from available evidence or premises.