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:

Direct Quote

A verbatim excerpt from a text or speech used to support or illustrate a point.

Causation

The relationship between cause and effect, where one event is understood to be the direct result of another.

Correlations

The measure of a relationship between two variables or sets of data.

Subsets

Portions or smaller groups that are part of a larger set or group.