-The Above Table Has Data from the Nation of Atlantica

$$\begin{array} { c c } \begin{array} { c } \text { Disposable income } \\\text { (trillions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Consumption expenditure } \\\text { (trillions of 2005 dollars) }\end{array} \\\hline 0.0 & 1.5 \\2.0 & 3.0 \\4.0 & 4.5 \\6.0 & 6.0 \\8.0 & 7.5 \\\hline\end{array}$$
-The above table has data from the nation of Atlantica.Based on these data, what is marginal propensity to consume?

A) 0.75
B) 0.50
C) 1.33
D) 1.00
E) 1.50

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free