The Table Shows a Consumption Schedule

question 26

Multiple Choice

$$\begin{array} { | c | c | } \hline \text { Disposable Income } & \text { Consumption } \\\hline \$ 300 & \$ 310 \\\hline 350 & 340 \\\hline 400 & 370 \\\hline 450 & 400 \\\hline 500 & 430 \\\hline\end{array}$$ The table shows a consumption schedule. At the $300 level of disposable income,

• A) the marginal propensity to save is 0.80.
• B) the average propensity to consume is 0.60.
• C) the average propensity to save is 0.30.
• D) there is a dissaving of $10.

---

Definitions:

Southern Planters

Southern Planters were wealthy farmers in the southern United States who owned large estates and relied extensively on enslaved labor for agricultural production before the Civil War.

New Jersey Plan

A proposal at the Constitutional Convention of 1787 advocating for equal representation of each state in Congress, regardless of the state's population size.

Less Populous

Refers to areas, regions, or groups having a smaller population in comparison to others.

Slaveholding

The practice or condition of owning slaves, historically seen in contexts where slavery was legally recognized.