Question:

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

by Guest5868  |  12 years, 6 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. Guest8080
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