Suppose Two Successive Levels of Disposable Personal Income Are $16

question 73

Multiple Choice

Suppose two successive levels of disposable personal income are $16 and $21 billion, respectively, and the change in consumption spending between these two levels of disposable personal income is $2 billion, then the MPC will equal _____.

• A)0.12
• B)0.8
• C)0.7
• D)0.4
• E)0.04

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Definitions:

T Statistic

A value used in statistical hypothesis testing to determine if there is a significant difference between two sample means.

Body Fat

The percentage of a person's body mass that is made up of fat tissue versus lean body mass.

ANOVA Table

A table used to summarize the sources of variability in an analysis of variance, which helps determine whether there are significant differences between group means.

NFL

The National Football League, a professional American football league consisting of 32 teams divided between the National Football Conference (NFC) and the American Football Conference (AFC).