The figure given below represents the consumption function of a country.
Figure 9.3
-Refer to Figure 9.3. Calculate the marginal propensity to consume.
Definitions:
Mid-Ocean Ridges
Oceanic mountain chains that develop due to the movements of tectonic plates, leading to the formation of new sea floor as a result of volcanic eruptions.
Cracks
Thin, linear fractures or separations in materials or geological formations, typically occurring without the displacement of the sides.
Subduction Zone
A zone in which subduction takes place, either referring to the actual downgoing slab and its surroundings or to the region, including Earth’s surface, above the subducting slab.
Mid-Ocean Ridge
A long mountain range on the floor of the ocean, associated with seafloor spreading.
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