If consumption spending increases from $358 to $367 billion when disposable income increases from $412 to $427 billion, it can be concluded that the marginal propensity to consume is
A) 0.4
B) 0.6
C) 0.8
D) 0.9
Answer: B
If consumption spending increases from $358 to $367 billion when disposable income increases from $412 to $427 billion, it can be concluded that the marginal propensity to consume is
A) 0.4
B) 0.6
C) 0.8
D) 0.9
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