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Author Question: Study the data given below:Monthly Income(m)Monthly Consumption Expenditure on Domestic Goods and ... (Read 49 times)

Collmarie

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Study the data given below:

Monthly Income
(£m)
Monthly Consumption Expenditure on Domestic Goods and Services
(£m)
400400
450430
500460
550490
600520
650550
The data show that, as monthly income rises from £600m to £850m, the marginal propensity to consume domestically produced goods and services (mpcd) is
◦ rising and monthly withdrawals are constant.
◦ constant and monthly withdrawals are constant.
◦ falling and monthly withdrawals are falling.
◦ rising and monthly withdrawals are falling.
◦ constant and monthly withdrawals are rising.


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Marked as best answer by Collmarie on May 25, 2020

ilianabrrr

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Collmarie

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


sultansheikh

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Reply 3 on: Yesterday
Excellent

 

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