If the Speed Limit Is 120 Km/hr, Its Equivalent in Mi/hr

question 72

Multiple Choice

If the speed limit is 120 km/hr, its equivalent in mi/hr is ________.

• A) 75
• B) 192
• C) 133
• D) 210

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Definitions:

MPC

Marginal Propensity to Consume, which represents the ratio of change in consumer spending to a change in household income.

MPS

The marginal propensity to save, which is the proportion of an increase in income that is saved rather than spent on consumption.

Disposable Income

Funds at households' discretion for savings and spending pursuits after the deduction of income taxes.

Autonomous Consumption

The minimum level of consumption that would still occur even if a consumer had no income, based on basic needs and obligations.