Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals 14,000?
A) 0.91 B) 1.1 C) 0.09 D) 0.7
Question 2
The purchasing power of the dollar
A) varies directly with the purchasing power of other major currencies such as the euro and the Japanese yen.
B) varies inversely with the price level.
C) varies directly with the price level.
D) varies directly with the price of gold.
Complete the table by dragging the white labels to the gray targets, the blue la
Disposable, single use thermometer strip
Determination of Income Inequality
Infant mortality by income quintile, urban Canada, 1996
Percentage of higher-income Canadian households
Construct a Lorenz curve that shows income distribution in this society.