-According to the data in the above table, what is the marginal propensity to consume?
A) 100.
B) 1.
C) 75.
D) 0.75.

Name: -According to the data in the above table, what is the marginal propensity to consume? A) 100. B) 1. C) 75. D) 0.75.
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Question

-According to the data in the above table, what is the marginal propensity to consume?
A) 100. 
B) 1. 
C) 75. 
D) 0.75.

Quizplus · Accepted Answer

The marginal propensity to consume (MPC) is the change in consumption divided by the change in income. An MPC of 0.75 means that for every additional dollar of income, consumption increases by 75 cents.

-According to the Data in the Above Table, What Is