Consider the following data. What is the approximate marginal propensity to consume?
$$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Consumption } \
\text { (millions of \$) }
\end{array} & \begin{array} { c }
\text { Income } \
\text { (millions of \$) }
\end{array} \
\hline 483 & 575 \
\hline 522 & 621 \
\hline 546 & 650 \
\hline
\end{array}$$

Question

Consider the following data. What is the approximate marginal propensity to consume?
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Consumption } \
\text { (millions of \$) }
\end{array} & \begin{array} { c } 
\text { Income } \
\text { (millions of \$) }
\end{array} \
\hline 483 & 575 \
\hline 522 & 621 \
\hline 546 & 650 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Consider the following data. What is the approximate marginal propensity to consume?
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Consumption } \
\text { (millions of \$) }
\end{array} & \begin{array} { c } 
\text { Income } \
\text { (millions of \$) }
\end{array} \
\hline 483 & 575 \
\hline 522 & 621 \
\hline 546 & 650 \
\hline
\end{array}$$

Consider the Following Data