n economy's consumption function is depicted in the table below. Disposable Income Y ($, billions) 0 120 240 360 480 600 The economy's marginal propensity to save is OA. 0.25. OB. $-10 billion. OC. 0.75. OD. -0.028. The average propensity to consume when the disposable income is $600 billion is equal to OA. 0.080. OB. 0.96. OC. 0.92. OD. 0.75. Consumption C ($, billions) 100 190 280 370 460 550

n economy's consumption function is depicted in the table below. Disposable Income Y ($, billions) 0 120 240 360 480 600 The economy's marginal propensity to save is OA. 0.25. OB. $-10 billion. OC. 0.75. OD. -0.028. The average propensity to consume when the disposable income is $600 billion is equal to OA. 0.080. OB. 0.96. OC. 0.92. OD. 0.75. Consumption C ($, billions) 100 190 280 370 460 550

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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