Refer to the Diagram

question 51

Multiple Choice

Refer to the diagram. The average propensity to consume

• A) is greater than 1 at all levels of disposable income above $100.
• B) is greater than 1 at all levels of disposable income below $100.
• C) is equal to the average propensity to save.
• D) cannot be determined from the information given.

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Definitions:

Cultural Link

A connection between or among different cultures, often through shared practices, values, or symbols that foster understanding and exchange.

China

A country located in East Asia, with one of the world's earliest civilizations and a rich history extending over thousands of years.

Korea

A country in East Asia, located on the Korean Peninsula, known for its rich history and significant cultural heritage, including art, music, and cuisine.

Neolithic Majiayao Culture

An archaeological culture that existed in China during the late Neolithic period, noted for its painted pottery.