Answered: Cameron’s income is $1000 and her…

Cameron’s income is $1000 and her Consumption expenditure is $700. What is her MPC? Group of answer choices a. 0.7 b. 0.3 c. We do not have enough information to calculate her MPC. d. 700

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 7SQP

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Question

Cameron’s income is $1000 and her Consumption expenditure is $700. What is her MPC?

Group of answer choices

a. 0.7

b. 0.3

c. We do not have enough information to calculate her MPC.

d. 700

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