Calculate the Marginal Propensity to Save for the Economy from the Information

question 33

Multiple Choice

Calculate the marginal propensity to save for the economy from the information given in Table 10.4.

• A) 0.9
• B) 0.8
• C) 0.5
• D) 0.2
• E) 0.1

---

Definitions:

Working-Class Background

Refers to a socioeconomic status or background characterized by families whose members are primarily engaged in manual labour with lower income and educational levels.

Appalachian Accent

A regional dialect found in the Appalachian region of the United States, marked by distinctive phonological features.

Blue-Collar Worker

An employee who performs manual labor, often in industries like manufacturing, construction, and maintenance, usually paid hourly.

Highly Paid CEO

An executive officer of a company who receives compensation significantly above the average for their role, often reflecting the size, profitability, and complexity of the organization.