If Your Real Disposable Income Goes Up by $200 Per

question 184

Multiple Choice

If your real disposable income goes up by $200 per week, and your real consumption spending goes up by $160 per week, you have an marginal propensity to save of

• A) 0.2.
• B) 0.8.
• C) 1.2.
• D) 1.0.

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Definitions:

Effortful Control

The capacity to regulate one's behavior, emotions, and thoughts purposefully, exerting self-control.

Generativity

The concern for establishing and guiding the next generation, typically expressed through parenting, teaching, mentoring, and contributing to society.

Socially Important

Being socially important refers to having significant influence or impact on society or within a community.

Adult Roles

The responsibilities and behaviors expected from individuals who have reached the age of maturity, encompassing aspects like employment, parenting, and societal contributions.