Autonomous Consumption Equals $40 Million

question 70

Multiple Choice

Autonomous consumption equals $40 million. When disposable income equals $600 million, planned consumption spending equals $440 million. When disposable income equals $900 million, planned consumption spending equals $640 million. What is the marginal propensity to consume?

• A) .67
• B) .69
• C) .72
• D) -72

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Definitions:

Aggressiveness

A behavioral characteristic that involves the readiness to confront or attack, which can be physical or verbal in nature.

Descriptive Statistics

Statistical procedures used to summarize, organize, and simplify data, including measures of central tendency and measures of variability.

Averages

Statistical measures that summarize a set of numbers or data points, typically calculated as the mean, median, or mode.

Research Method

A systematic plan for conducting scientific inquiry to gather and analyze data.