Given the Consumption Function C = $500 Billion + 0

question 75

Multiple Choice

Given the consumption function C = $500 billion + 0.80Y, an increase in disposable income from $6,000 billion to $7,000 billion will cause consumption to increase by:

• A) $800 billion.
• B) $1,000 billion.
• C) $1,300 billion.
• D) $1,500 billion.

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Definitions:

Moderation

The practice of avoiding extremes in behavior or expression and seeking a balanced and moderate approach.

Weight-Loss Surgery

Surgical procedures performed with the primary goal of helping an individual lose weight, often by modifying the digestive system.

Morbidly Obese

A classification of obesity where an individual has a Body Mass Index (BMI) of 40 or higher, indicating high risk of health complications.

Death Rates

A measure of the frequency of death in a specific population, typically expressed per 1000 or 100,000 persons per year.