Disposable Income Consumption C Yd $2,000 $2,070 2,100 2,145 2,200 2,220 2,300 2,295 2,400 2,370 4. Refer to Exhibit 9-3. If disposable income rises from $2,300 to $2,400 and consumption rises from $2,225 to $2,370, then the marginal propensity to consume (MPC) is 1.33 0.25 0.75 0.7 None of the above

Disposable Income Consumption C Yd $2,000 $2,070 2,100 2,145 2,200 2,220 2,300 2,295 2,400 2,370 4. Refer to Exhibit 9-3. If disposable income rises from $2,300 to $2,400 and consumption rises from $2,225 to $2,370, then the marginal propensity to consume (MPC) is 1.33 0.25 0.75 0.7 None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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MCQ The table below provides income and consumption data in billions of dollars: Disposable Income Consumption Savings 100 80 --- 200 150 --- Calculate the marginal propensity to consume for the economy. A) 0.8 B) 0.2 C) 0.3 D) 0.7
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