The Following Question Are Based on the Following Information for a Society

question 22

Multiple Choice

The following question are based on the following information for a society:

-If disposable income increases from $1,900 to $2,000 billion,the marginal propensity to consume is

• A) 0.8.
• B) 0.84.
• C) 0.92.
• D) 1.0.
• E) 1.08.

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Definitions:

Variance

A statistical measurement of the spread between numbers in a dataset, indicating how much the values differ from the average.

Variables

Elements, factors, or conditions that are subject to change or variation within a study.

Confirmatory Factor Analysis (CFA)

A statistical technique used to test the hypothesis that a relationship between observed variables and their underlying latent constructs exists.

Cross-validation

A statistical method used to estimate the performance of a model by partitioning the data into subsets, training the model on one subset, and validating it on another.