If Consumption Is $2 Billion When Disposable Income Is 0

question 41

Multiple Choice

If consumption is $2 billion when disposable income is 0, and if the marginal propensity to consume is (in billions of dollars) , find the national consumption function. If it's necessary, round your answer to two decimal places. ​

---

Definitions:

Increase

An upward movement or growth in value, amount, or any measurable attribute.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim on the company's resources.

Revenues

The total income generated by a company from its business activities, typically from the sale of goods or services before any expenses are subtracted.

Expenses

Outflows of resources or incurrences of liabilities that a company undergoes as part of its operations to generate revenue.