According to the Life-Cycle Hypothesis,if the Average Person Expects to Live

question 37

Multiple Choice

According to the life-cycle hypothesis,if the average person expects to live another 48 years,the short-run MPC out of unexpected changes in income is

• A)0.52.
• B)0.48.
• C)0.9792.
• D)0.0208.

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Definitions:

Standard Deviations

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean (average) of the data set.

Marasmus

A form of severe malnutrition characterized by energy deficiency.

Protein Calorie Malnutrition

A nutritional disorder caused by a lack of dietary protein and calories, leading to body tissue wasting and weakened immunity.

Infectious Diseases

Diseases caused by pathogenic microorganisms, such as bacteria, viruses, parasites or fungi, that can be spread, directly or indirectly, from one person to another.