A-LevelEconomicsMacroeconomic PerformanceFeb/Mar 2018Paper 3 Q261 Mark
The following data describes an economy's consumption function. income ($m) consumption ($m) 100 90 140 122 180 154 220 186 What can be deduced about the value of the marginal propensity to consume in this economy? A It increases as income increases. B It decreases as income increases. C It is 0.90. D It is 0.80.
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