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Review the table below. Assume taxes are zero. National Income = Real GDP (Y) Consumption (C) Savings (S) $8000 $5400 $2600 $9000 $6000 $3000 $10,000
Review the table below. Assume taxes are zero.
| National Income = Real GDP (Y) | Consumption (C) | Savings (S) |
| $8000 | $5400 | $2600 |
| $9000 | $6000 | $3000 |
| $10,000 | $6600 | $3400 |
| $11,000 | $7200 | $3800 |
In this example, the marginal propensity to consume (MPC) is
Group of answer choices
0.60
0.40
$5400
unknown
0.675
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
