Exhibit 8-1 Disposable Income and Consumption Data

question 58

Multiple Choice

Exhibit 8-1 Disposable income and consumption data

In Exhibit 8-1, when disposable income (Y) is increased from $1,000 to $2,000, the marginal propensity to consume is:

• A) 0.2.
• B) 0.6.
• C) 0.8.
• D) 1.0.

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Definitions:

Victims

Individuals who have suffered harm, injury, or injustice due to the actions or negligence of others, often within the context of crime or abuse.

Peer Relationships

refer to the social connections and friendships among individuals of similar age, which play a crucial role in psychological and social development.

Development

A process of change and growth in physical, intellectual, or emotional dimensions, often occurring over time and through stages.

Families

Social units typically made up of members connected by blood, marriage, or adoption, who often live together and provide mutual support.