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Suppose Two Successive Levels of Disposable Personal Income Are $16

Question 74

Multiple Choice

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

Correct Answer:

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