If the Consumption Function Is Expressed as C = a

question 112

Multiple Choice

If the consumption function is expressed as C = a + mpc × YD,then "a" represents

• A)autonomous consumer expenditure.
• B)the marginal propensity to consume.
• C)the expenditure multiplier.
• D)disposable income.

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Definitions:

Sugar

A sweet-flavored substance, typically derived from sugarcane or sugar beets, used commonly as a sweetener in food and drinks.

Standard Deviation

A statistical measure indicating the amount of variation or dispersion of a set of values.

Mean Weights

The average weight calculated by adding all the weights together and dividing by the number of weights.

Navel Oranges

A type of orange that is characterized by the growth of a second fruit at the apex, which protrudes slightly and resembles a human navel.