Refer to Table 23-3. Given the consumption schedule in the table above, the marginal propensity to save is
A) 0.1. B) 0.4. C) 0.7. D) 0.9.
A
You might also like to view...
A monopolistically competitive firm maximizes profits when it
A) produces the quantity at which marginal cost equals the market price. B) produces the quantity at which marginal cost equals marginal revenue and uses the demand curve to determine the market price. C) produces the quantity at which marginal cost equals marginal revenue and sets the price equal to the marginal cost. D) produces the quantity at which marginal cost equals marginal revenue and sets the price equal to the marginal revenue.
All of the following would shift the consumption-income line except
a. an increase in taxes that causes the marginal propensity to consume to change b. an increase in taxes that changes autonomous spending c. a change in expectations of future income d. a change in wealth e. none of the above
"Stagflation" refers to the unwelcome combination of
a. inflation and rising prices. b. deflation and unemployment. c. inflation and unemployment. d. inflation and expansion.
Which measurement of poverty and inequality takes into account living conditions such as life expectancy, literacy rates, and years of schooling?
a. UN Millennium Development Goals b. Gini coefficient c. Gender Development Index d. Human Development Index