If disposable income increases by 500 million, and consumption ...

[KWilfred]

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

[jgranad15]

Answer to Question 1

B

Answer to Question 2

E

[KWilfred]

Excellent

[Jossy]

Thanks for the timely response, appreciate it