Table 9.1 Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210What is the marginal propensity to consume in Table 9.1?
A. 0.15.
B. 0.90.
C. 0.80.
D. 0.85.
Answer: C
You might also like to view...
The public debt is
A) an excess of government spending over government revenues during a given time period. B) all federal government debt irrespective of who owns it. C) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. D) the total value of all outstanding federal government securities.
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting
A) 1/12 of a snowboard. B) 1/4 of a snowboard. C) 3 snowboards. D) 4 snowboards.
If the cross-price elasticity of demand for goods A and B is zero, this means the two goods are unrelated
Indicate whether the statement is true or false
The marginal product curve rises when the marginal cost curve rises
a. True b. False Indicate whether the statement is true or false