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1.If consumption spending increases from $358 to $367 billion when income increases from $412 to $427 billion, the marginal propensity to consume is? A)0.2 B)0.4

1.If consumption spending increases from $358 to $367 billion when income increases from $412 to $427 billion, the marginal propensity to consume is?

A)0.2

B)0.4

C)0.6

D)0.8

Which is the correct answer

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