Figure 8-1
?

 
Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately

A. $800 billion.
B. $650 billion.
C. $540 billion.
D. $420 billion.

Answer: C

Economics

You might also like to view...

In New State, the bottling law requires that people get a refund of five cents when they return an empty bottle or can. Why does the state pay people to return bottles? In your answer, be sure to mention the role played by rational choice

What will be an ideal response?

Economics

In addition to tariff lowering provisions, the NAFTA agreement includes two side agreements on

A) Mexican exchange rate policy and Mexican foreign policy. B) U.S. exchange rate policy and U.S. foreign policy. C) environmental and labor market issues. D) All of the above.

Economics