Suppose Two Successive Levels of Disposable Personal Income Are $16

question 74

Multiple Choice

Suppose two successive levels of disposable personal income are $16 and $21 billion, respectively, and the change in consumption spending between these two levels of disposable personal income is $2 billion, then the MPC will be equal to _____.

• A) 0.12
• B) 0.8
• C) 0.7
• D) 0.4
• E) 0.04

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Definitions:

Perseverance

Persistent determination to continue with a course of action in spite of difficulties, obstacles, or previous failures.

Resilience

The capacity to recover quickly from difficulties; toughness.

Empathy

The capacity to understand or feel what another person is experiencing from within their frame of reference.

Sisu

A Finnish concept referring to a unique form of resilience or courage in the face of adversity.