According to the Above Table, the Marginal Propensity to Consume

question 323

Multiple Choice

According to the above table, the marginal propensity to consume is
-According to the above table, if real Gross Domestic Product (GDP) equals $30,000, planned saving equals

• A) $2,000.
• B) $3,000.
• C) $4,000.
• D) $5,000.

---

Definitions:

Bunker Hill

A key early battle in the American Revolutionary War notable for the phrase "Don't fire until you see the whites of their eyes," demonstrating colonial forces could stand up to British regulars.

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a loose confederation of states with a weak central government, later replaced by the U.S. Constitution in 1789 due to its inefficiencies.

Military Tactics

The art and science of organizing and employing armed forces and their components during combat or engagements to defeat an adversary.

Revolutionaries

Individuals who actively engage in, or advocate for, profound political change, often through the overthrow of an existing government or social order.