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Question 19 Not yet The following table reports data on consumption and pre-tax income for Utopia. The marginal tax rate in Utopia is 10% (i.e.
Question 19 Not yet The following table reports data on consumption and pre-tax income for Utopia. The marginal tax rate in Utopia is 10% (i.e. t = 0.1) answered Consumption ($ bill) Pre-tax Income ($ bill) Marked out of 1 65 100 Flag 110 200 question 245 500 Calculate the marginal propensity to consume out of disposable income in Utopia. Select one: O a. 0.65 O b. 0.61 O c. 0.55 O d. 0.50 O e. 0.45
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