If the Consumption Function Is Defined as C = 5,500

question 277

Multiple Choice

If the consumption function is defined as C = 5,500 + 0.9Y,what is the value of the multiplier?

• A)0.l
• B)0.9
• C)6.1
• D)10

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Definitions:

Distribution

Refers to the way in which something is spread or dispensed across a range of values or over a geographic area.

Class Interval

A range of values within which a variable can be categorized in the distribution of data.

Distribution

The way in which something is shared or spread out over a range, often referring to the distribution of values in a set of data.

Frequency Polygon

A graphical representation of the distribution of a dataset. It shows the frequencies of classes or intervals of data as points, which are connected by line segments.