Refer to the information provided in Figure 23.6 below to answer the question(s) that follow. Figure 23.6
-Refer to Figure 23.6. On this graph, 0.1 represents this society's
A) MPC.
B) MPS.
C) saving function.
D) consumption function.

Question

Refer to the information provided in Figure 23.6 below to answer the question(s) that follow.  Figure 23.6
-Refer to Figure 23.6. On this graph, 0.1 represents this society's
A) MPC. 
B) MPS. 
C) saving function. 
D) consumption function.

Quizplus · Accepted Answer

The point labeled 0.1 on the graph represents the slope of the saving function, which is the MPS (marginal propensity to save). Therefore, the correct answer is B. None of the other options accurately describe the value represented by 0.1 on the graph.

Refer to the Information Provided in Figure 23