Total Planned Expenditure (Equals Total Output)is 14,000 When Autonomous Consumption

question 69

Multiple Choice

Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450.When autonomous consumption expenditure falls to 400,total planned expenditure (equals total output) is 13,800.The marginal propensity to consume is ________.

• A)0.89
• B)0.75
• C)0.99
• D)0.44
• E)0.03

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Definitions:

Heterozygous

A genetic condition where an individual has two different alleles of a gene.

Homozygous

A genetic condition where an individual has two identical alleles for a particular gene.

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.