1. The Marginal Propensity to Consume (MPC) equals: A. 0.70 B. 0.75 C. 0.80 D. 0.85

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter24: Fiscal Policy
Section: Chapter Questions
Problem 7P
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Answer the questions on the basis of the information given in the following diagram:
Guideline
Consumption
Consumption
function
360
54
360
National income
1. The Marginal Propensity to Consume (MPC) equals:
A. 0.70
B. 0.75
C. 0.80
D. 0.85
pe here to search
Transcribed Image Text:Answer the questions on the basis of the information given in the following diagram: Guideline Consumption Consumption function 360 54 360 National income 1. The Marginal Propensity to Consume (MPC) equals: A. 0.70 B. 0.75 C. 0.80 D. 0.85 pe here to search
2. To have savings of JD 54, The level of national income must be:
А. 660
B. 720
С. 780
D. 840
5 A Moving to another question will save this response.
pe here to search
DELL
Transcribed Image Text:2. To have savings of JD 54, The level of national income must be: А. 660 B. 720 С. 780 D. 840 5 A Moving to another question will save this response. pe here to search DELL
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