A-LevelEconomicsThe macroeconomy9708/31 · May/June 2020 · Q221 Mark
The table shows the levels of consumption expenditure and savings for given family incomes.
- (a)disposable family income () | consumption expenditure () | savings ($) --- | --- | --- 2000 | 2150 | -150 3000 | 3100 | -100 4000 | 4000 | 0 5000 | 4850 | 150 6000 | 5650 | 350 7000 | 6380 | 620 Over the range of disposable income shown, as income rises the marginal propensity to consume A falls and then rises. B falls continuously. C rises and then falls. D rises continuously.[1]
Mark scheme
Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.
- [1] B
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