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Answer the Question on the Basis of the Following Consumption

question 123

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Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars. Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.   Refer to the given data.The marginal propensity to consume in economy (1) is: A)  .5. B)  .3. C)  .8. D)  .7. Refer to the given data.The marginal propensity to consume in economy (1) is:

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Definitions:

Biconditional

A logical relationship between two statements where both or neither are true; often phrased as "if and only if".

Component

A part or element of a larger whole, especially a part of a machine or system.

Disjunct

In logic, an element of a disjunction; a proposition that forms one of the alternatives in a disjunction.

Disjunction

A procedure in computing that outputs true if a minimum of one input value is true.

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