Suppose two successive levels of disposable personal income are ...

[berenicecastro]

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

[batool]

Answer to Question 1

d

Answer to Question 2

True

[berenicecastro]

Thanks for the timely response, appreciate it

[jordangronback]

Excellent