The Following Table Shows a Hypothetical Relationship Between Consumption and Income.Answer

question 81

Multiple Choice

The following table shows a hypothetical relationship between consumption and income.Answer the indicated question(s) on the basis of this table.
Table 12.1-Income and consumption data
-Based on Table 12.1,what is the marginal propensity to save?

• A) 0.30
• B) 0.25
• C) 0.20
• D) 0.15

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