If an Example of a Keynesian Consumption Function Is C

question 12

Multiple Choice

If an example of a Keynesian consumption function is C = 2,000 + 0.8Y, and Y is 30,000, then the average propensity to consume is about:

• A)0.8.
• B)0.82.
• C)0.85.
• D)0.87.

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Definitions:

Visual Pigment

Photoreceptive molecules in the retina that absorb light and trigger nerve impulses that result in vision.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.

Wavelength

The distance between consecutive crests or troughs in a wave, which determines its color in light and pitch in sound.