Figure 8-1

Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately
A) $800 billion.
B) $650 billion.
C) $540 billion.
D) $420 billion.

Question

Figure 8-1

Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately
A) $800 billion. 
B) $650 billion. 
C) $540 billion. 
D) $420 billion.

Quizplus · Accepted Answer

From the scatter diagram, we can see that the consumption spending lies between $500 billion and $600 billion when real disposable income is $800 billion. The closest value to this range is $540 billion, which is option C.

Figure 8-1 Based on the Scatter Diagram in Figure 8-1, If Real