-Refer to the Above Table

question 23

Multiple Choice

-Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save when real disposable income equals $4,000?

• A)-0.45
• B)0.69
• C)0.7
• D)1.45

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Definitions:

Appeal to Reason

A call for logical and rational deliberation as opposed to emotional or biased judgments.

New Feminism

A new aspect of the women’s rights movement that arose in the early part of the twentieth century. New feminism added a focus on individual and sexual freedom to the movement and introduced the word “feminism” into American life.

Historical Significance

The importance ascribed to an event, object, or person in history, based on their impact on subsequent events or developments.

Fordism

A system of mass production that combines manufacturing with technological innovations to produce large quantities of standardized products, famously pioneered by Henry Ford.