If the Marginal Propensity to Save Is 0

question 67

Multiple Choice

If the marginal propensity to save is 0.3, then the corresponding marginal propensity to consume must be ____.

• A)0.7
• B)0
• C)1
• D)0.5

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Definitions:

Confidence Interval

A range of numerical values, calculated from analysis of sample data, which is likely poised to include an unidentified population parameter.

Confidence Interval

A statistical range, derived from sample data, that is likely to contain the true population parameter with a specified level of confidence.

Sample Size

The number of observations or data points collected in a sample.

Variable

An element, feature, or factor that is liable to vary or change.