The Figure Given Below Represents the Consumption Function of a Country

question 54

Multiple Choice

The figure given below represents the consumption function of a country. Figure 9.3 Refer to Figure 9.3.The savings function of the country will have a positive intercept at all income levels of _____.

• A)less than $200
• B)greater than $200
• C)less than $600
• D)greater than $400
• E)less than $800

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Definitions:

Normal Distribution

The normal distribution, often called the Gaussian distribution, is a bell-shaped curve that describes the spread of a characteristic throughout a population where most occurrences take place around the average value.

Positively Correlated

A relationship between two variables where both variables move in tandem, meaning that when one variable increases, the other does as well.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases, and vice versa.

Zero Correlation

A statistical term indicating no relationship between two variables, meaning that changes in one do not predict changes in the other.