Multiple Choice
The following table shows a hypothetical relationship between consumption and income.Answer the indicated question(s) on the basis of this table.
Table 12.1-Income and consumption data 
-Based on Table 12.1,what is the marginal propensity to consume?
A) 0.60
B) 0.75
C) 0.80
D) 0.85
Correct Answer:
Verified
Correct Answer:
Verified
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