The table below provides income and consumption data in billions of dollars: Disposable Income Consumption Savings 100 80 --- 200 150 --- What is the marginal propensity to save for this economy? A) 0.75 B) 0.5 C) 0.3 D) Cannot be determined

The table below provides income and consumption data in billions of dollars: Disposable Income Consumption Savings 100 80 --- 200 150 --- What is the marginal propensity to save for this economy? A) 0.75 B) 0.5 C) 0.3 D) Cannot be determined

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 9SQP

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Question

The table below provides income and consumption data in billions of dollars:

Disposable Income	Consumption	Savings
100	80	---
200	150	---

What is the marginal propensity to save for this economy?

A) 0.75

B) 0.5

C) 0.3

D) Cannot be determined

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