Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy (an economy with no government and no international trade). All figures are in billions of dollars.Disposable IncomeConsumption$0$88080160152240224320296400368The marginal propensity to save in this economy is

A. 0.9.
B. 0.1.
C. 0.8.
D. 0.72.


Answer: B

Economics

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Economists are often required to make unrealistic assumptions concerning the problems they are investigating.

Answer the following statement true (T) or false (F)

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If Fredonia has a closed economy, it ________ with other countries.

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The risk premium for an investment:

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Economics