The Following Table Shows Total Assets ($ Billion) for a Small

question 11

Multiple Choice

The following table shows total assets ($ billion) for a small sample of U.S.banks. The standard deviation for these data is

• A)$12.78 billion.
• B)$ 11.27 billion.
• C)$ 127.01 billion.
• D)$ 21.67 billion.
• E)$ 34 billion.

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Definitions:

Marginal Propensity

The fraction of an additional unit of income that is spent on consumption rather than being saved.

Consumption Function

The relationship in the economy between consumption and income, other things constant.

Saving Function

The relationship between the level of saving and the level of income, typically showing that saving increases as income increases.

Consumption Function

An economic formula that expresses the relationship between total consumption and gross national income, indicating how much households are likely to spend.