Question:

Based on the data in this table, when disposable income is $300 million, saving is:

by Soany Coll  |  1 year, 7 month(s) ago

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The table below shows data on income, consumption, and saving for households in a hypothetical economy with no government. Some of the entries in the table have intentionally been left blank. The marginal propensity to consume (MPC) in this scenario is equal to a constant.

disposable income consumption savings
0 150 ---
100 210 -110
200 --- -70
300 330 ---
400 --- 10
500 450 50

Based on the data in this table, when disposable income is $300 million, saving is:

A. $0
B. $330 million
C. $30 million
D. -$30 million

 Tags: 300, based, data, Disposable, income, million, Saving, table

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1 ANSWERS

  1. Guest21571023
    -30

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