-Refer to the Above Table

question 350

Multiple Choice

-Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save when real disposable income equals $400?

• A) -0.45
• B) 0.69
• C) 0.7
• D) 1.45

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