Top Posters
Since Sunday
16
o
8
w
6
E
6
k
6
w
6
J
6
s
5
S
5
a
5
d
5
t
5
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
usmc2rn usmc2rn
wrote...
Go to Answer
Posts: 65
Rep: 0 0
2 months ago
The Marginal Propensity to Consume and the Marginal Propensity to Save

If disposable income increases by $120 million and consumption increases by $75 million, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth.)

▸ 0.02

▸ 0.38

▸ 1.60

▸ 0.63
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 13 times
1 Reply
Replies
Answer verified by a subject expert
jojoliciouzjojoliciouz
wrote...
#1
Posts: 59
Rep: 0 0
2 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
0.63

The formula for the MPC is: change in consumption divided by change in disposable income.
1

Related Topics

usmc2rn Author
wrote...

2 months ago
Helped a lot
smdavis
wrote...

Yesterday
This helped my grade so much Perfect
noodlelicker
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  198 People Browsing
 343 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 2112
  
 270
  
 106
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 325
Previous poll results: What's your favorite coffee beverage?