If the Marginal Propensity to Consume (MPC) Is 0

question 180

Multiple Choice

If the marginal propensity to consume (MPC) is 0.75, what is the value of the multiplier?

• A) 4.0
• B) 3.0
• C) 2.0
• D) 1.0

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Definitions:

Axim

A coastal town in Ghana known for its historical significance in the context of European colonialism and the Atlantic slave trade.

Black Slaves

Individuals of African descent who were forcibly taken or born into slavery, primarily used for labor and services without freedom or rights.

Jamestown

The first permanent English settlement in North America, founded in Virginia in 1607.

Creole

A term used to describe people of mixed European and black descent, particularly in the Caribbean, or languages that have evolved from the blending of different languages in colonial regions.