If Consumption Expenditures for a Household Increase from $1000 to $1800

question 67

Multiple Choice

If consumption expenditures for a household increase from $1000 to $1800 when disposable income rises from $1000 to $2000,the marginal propensity to consume is

• A) 0.8.
• B) 0.18.
• C) 0.3.
• D) 0.2.

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Definitions:

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The potential loss or damage that could occur to a system, society, or community in a specific period due to disasters.

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A magnitude 9.0 undersea earthquake off the Pacific coast of Japan, occurred on March 11, 2011, causing widespread damage and triggering a tsunami.