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Author Question: If disposable income increases by 500 million, and consumption increases by 400 million, then the ... (Read 50 times)

KWilfred

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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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Answer to Question 1

B

Answer to Question 2

E




KWilfred

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Reply 2 on: Jun 29, 2018
Gracias!


bdobbins

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Reply 3 on: Yesterday
Excellent

 

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