If Disposable Income Rises from $15, 000 to $20, 000

question 68

True/False

If disposable income rises from $15, 000 to $20, 000 and the marginal propensity to consume equals 0.9, then saving must increase by $500.

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Definitions:

Mean Weekly Salary

The average amount of money earned by workers in a week, calculated by summing all weekly salaries and dividing by the number of salaries.

Female Employees

Women who are employed by an organization, company, or business.

Male Employees

Referring to workers or staff members who identify as male.

GPAs

Grade Point Averages, a numeric representation of the average of all final course grades accumulated over a period.