According to the Above Table, the Marginal Propensity to Consume

question 448

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, what is the average propensity to consume?

• A) 0.67
• B) 0.75
• C) 0.8
• D) 0.87

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Definitions:

Brightness

A perceptual attribute of lights or surfaces that refers to how much they appear to "emit" or reflect light.

Hue

The attribute of a color determining its shade or tone, essentially referring to the specific color itself within the color spectrum.

Intensity

The degree of strength, force, or energy with which a phenomenon (e.g., light, sound, emotions) is expressed or perceived.

Accommodation

In cognitive development, the process of altering one's existing schemas or ways of thinking in response to new information.