A Marginal Propensity to Save of 0

question 23

Multiple Choice

A marginal propensity to save of 0.32 implies that the marginal propensity to consume is

• A) 1.32.
• B) 0.74.
• C) 0.68.
• D) 0.36.
• E) impossible to calculate unless the change in income is specified.

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Definitions:

Runs Rule

A non-parametric statistical test that checks for randomness in a data sequence.

Out-Of-Control Signal

An indication, often from a control chart, that the process variability is exceeding the predetermined control limits.

Process Example

An illustrative case that demonstrates the steps or stages within a procedure or methodology.

Smart Phone

A mobile phone offering advanced features, typically with internet access, touchscreen interface, and the ability to run various applications.