Answered: Consumption ($) Disposable Income ($)…

Consumption ($) Disposable Income ($) 1,200 3,200 2,100 4,000 3,000 4,800 Calculate the Marginal Propensity to Consume (MPC). Group of answer choices 1.125 0.6 0.3 0.9

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 4E

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Question

Consumption ($)	Disposable Income ($)
1,200	3,200
2,100	4,000
3,000	4,800

Calculate the Marginal Propensity to Consume (MPC).

Group of answer choices

1.125

0.6

0.3

0.9

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