Author Question: Suppose two successive levels of disposable personal income are 16 and 21 billion, respectively, and ... (Read 33 times)

berenicecastro · **on:** Jun 30, 2018

Suppose two successive levels of disposable personal income are 16 and 21 billion, respectively, and the change in consumption spending between these two levels of disposable personal income is 2 billion, then the MPC will be equal to _____.
a. 0.12
b. 0.8
c. 0.7
d. 0.4
e. 0.04

Question 2

Every choice has a cost
a. True
b. False
Indicate whether the statement is true or false