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Author Question: If disposable income increases by 500 million, and consumption increases by 400 million, then the ... (Read 69 times)

KWilfred

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on: Jun 29, 2018
If disposable income increases by 500 million, and consumption increases by 400 million, then the marginal propensity to consume is
 
  A) 1.25. B) 0.8. C) 0.6. D) 0.4.

Question 2

Refer to Table 20-9. Suppose that the data in the table above reflect the price levels in the economy. Given that data, we can say that the cost of living rose by ________ between 2015 and 2016?
 
  A) 2 B) 5 C) 8 D) 11 E) 13


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jgranad15

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

E


KWilfred

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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