The Table Given Below Shows the Values of Different Components

question 10

Multiple Choice

The table given below shows the values of different components of aggregate expenditure of an economy.The marginal propensity to consume (MPC) equals:​ ​
Table 9.2
​

• A)0.20 or 1/5.
• B)0.40 or 2/5.
• C)0.80 or 4/5.
• D)0.90 or 9/10.
• E)0.60 or 3/5.

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Definitions:

Unionized Workers

Employees who are members of a labor union, which represents their interests in negotiations with employers regarding wages, working conditions, and other employment terms.

Craft Unions

Labor unions that represent workers specialized in a particular trade or craft, focusing on skilled labor in specific industries.

Industrial Unions

Industrial unions are trade unions that represent all workers, skilled and unskilled, within a particular industry.

Blue-Collar

Refers to employees who perform manual labor or are engaged in trade and craft activities, often involving physical work.