-Refer to the Above Table

question 384

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 consume when real disposable income equals $14,000?

• A)0.09
• B)0.7
• C)0.91
• D)1.1

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Definitions:

Representative

A person chosen or appointed to act or speak for another or others, typically in a political or organizational context.

Real Families

A concept emphasizing the diversity of family structures, challenging the traditional notion of a family being composed of two heterosexual parents and their biological children.

Primary Group

A small group of people who are characterized by close, long-lasting, intimate, and face-to-face interaction.

Emotional Sustenance

Support or nourishment for one's emotional state or wellbeing.