When Income Is $200 Billion, Consumption Spending Is $175 Billion

question 82

Multiple Choice

When income is $200 billion, consumption spending is $175 billion. When income is $220 billion, consumption spending is $189 billion. What is the marginal propensity to save?

• A) 2
• B) .3
• C) .7
• D) 1.4

Identify and understand various sociological perspectives and theories.

Analyze the impact of group size and structure on group efficiency and productivity.

Understand the significance of authoritative figures and the concept of authority in sociological terms.

Describe the concept of bureaucracy and its implications in both organizations and everyday life.

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Definitions:

Merchandise Inventory

Goods or products that a retailer, wholesaler, or distributor holds for the purpose of resale to customers.

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and risk of loss of goods at the point of origin, and is responsible for freight costs.

Title

A legal term referring to the official right to own or possess property.

Inventory Records

Documented information about the quantity, type, and location of inventory a business has on hand or in transit.