Everything Else Held Constant,if Consumption Expenditure Falls by 160 When

question 57

Multiple Choice

Everything else held constant,if consumption expenditure falls by 160 when disposable income falls by 200,the mpc is

• A)0.
• B)0.2.
• C)0.4.
• D)0.8.

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Definitions:

Normal Distribution

A bell-shaped curve, which is symmetric about the mean, depicting the distribution of many types of data.

Standard Deviation

A statistical measurement of variance or dispersion within a dataset, indicating how spread out the numbers are from the mean.

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly used as an estimate of the accuracy of a sample mean.

Sample Mean

The average of observations collected from a sample, used as an estimate of the population mean.