If Income Rises from $10,000 to $20,000 and Consumption Increases

question 180

Multiple Choice

If income rises from $10,000 to $20,000 and consumption increases from $9,000 to $16,000, then the marginal propensity to consume is

• A) 0.10.
• B) 0.30.
• C) 0.70.
• D) 0.80.

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