Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save when real disposable income equals $400?
A. 0.69
B. 1.45
C. -0.45
D. 0.7
Answer: C
Economics
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In the foreign exchange market, as the U.S. exchange rate rises, other things remaining the same, the
A) quantity of dollars demanded decreases. B) demand curve for dollars shifts rightward. C) demand curve for dollars shifts leftward. D) supply curve of dollars shifts rightward. E) quantity of dollars demanded increases.
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Which of the following is not an example of a transfer payment?
A) health insurance payments to an army private B) social security payments to disabled persons C) unemployment insurance payments D) social security payments to retirees
Economics