Assume That Autonomous Consumption Equals $200 and Disposable Income Equals

question 73

Multiple Choice

Assume that autonomous consumption equals $200 and disposable income equals $1,000. If total consumption equal $800,then the mpc equals

• A)0.2.
• B)0.6.
• C)0.8.
• D)1.0.

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Definitions:

Law-abiding

Adhering to and respecting established laws and regulations.

Justification

The action of showing something to be right or reasonable, or the reasoning behind such a demonstration.

Wrongdoers

Individuals who act improperly or unlawfully, engaging in behavior that is morally, ethically, or legally incorrect.

Retributivists

Advocates of a theory of justice that holds that the best response to a crime is a punishment proportional to the offense, administered for its own sake rather than to serve an external purpose.