Following Is Consumption Schedules for Three Private Closed Economies

question 98

Multiple Choice

Following is consumption schedules for three private closed economies.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.

-Refer to the above data.At an income level of $40 billion,the average propensity to consume:

• A) is highest in economy (1).
• B) is highest in economy (2).
• C) is highest in economy (3).
• D) cannot be determined from the data given.

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