Question 27 When disposable income equals $800 billion, consumption expenditure equals $600 billion and when disposable income equals $1,000 billion, consumption expenditure equals $760 billion. What is the marginal propensity to consume? A 0.25 B 0.20 C 0.64 D) 0.80

Question 27 When disposable income equals $800 billion, consumption expenditure equals $600 billion and when disposable income equals $1,000 billion, consumption expenditure equals $760 billion. What is the marginal propensity to consume? A 0.25 B 0.20 C 0.64 D) 0.80

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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