Suppose an Increase in Disposable Income from $3 Trillion to $3.2

question 100

Multiple Choice

Suppose an increase in disposable income from $3 trillion to $3.2 trillion increases consumption from $2.5 trillion to $2.6 trillion. The marginal propensity to consume (MPC) is _____

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

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Definitions:

Vague and Open

Descriptions or statements that are intentionally non-specific and broad, allowing for a wide range of interpretation or response.

Compelling and Useful

Characteristics of information or resources that are both persuasive and beneficial to the user.

Realistic

Pertaining to the representation of objects, situations, or actions in a way that is true to life, or having an acceptance of the situation as it is.

Transtheoretical Model

A theoretical model of behavior change that assesses an individual's readiness to act on a new healthier behavior, and provides strategies, or processes of change to guide the individual.