Last Year,Linus Earned a Salary of $25,000 and He Spent

question 65

Multiple Choice

Last year,Linus earned a salary of $25,000 and he spent $24,000,thus saving $1000.At the end of the year,he received a bonus of $1000 and he spent $500 of it,saving the other $500.What was his marginal propensity to consume?

• A)0.96
• B)0.50
• C)0.04
• D)0.02

---

Definitions:

New Record

The action of adding a fresh entry into a database or a data storage system.

AutoEntry

A feature in software that automatically fills in fields with predefined values or values based on previous entries, speeding up data entry.

Is Null

A condition in databases used to check if a field's value is absent or contains no data.

Query

A request for data or information from a database table or combination of tables, often written in SQL, to retrieve or manipulate data.