Table 23-3 -Refer to Table 23-3. Given the Consumption Schedule in the Consumption

question 186

Multiple Choice

Table 23-3

-Refer to Table 23-3. Given the consumption schedule in the table above, the marginal propensity to save is

• A) 0.1.
• B) 0.4.
• C) 0.7.
• D) 0.9.

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Definitions:

Simplify

The process of altering an expression into its most basic form or version, usually by combining like terms and applying mathematical operations.

Expression

A combination of symbols that represents a quantity or a relationship between quantities in mathematics or computer programming.

Rationalize

The process of modifying an expression to eliminate radicals from the denominator or complex numbers from the denominator of a fraction.

Denominator

The bottom part of a fraction that tells into how many equal parts the whole is divided.