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Question
| Planned Consumption | Planned Saving | Planned Investment | Real GDP |
| $6,000 | -$1,000 | $1,000 | $5,000 |
| 10,000 | 0 | - | 10,000 |
| 14,000 | 1,000 | - | 15,000 |
| 18,000 | 2,000 | - | 20,000 |
| 22,000 | - | - | 25,000 |
| 26,000 | - | - | 30,000 |
According to the above table, if real Gross Domestic Product (GDP) equals $30,000, what is the average propensity to consume?
A) 0.67
B) 0.75
C) 0.8
D) 0.87
Answer
This answer is hidden. It contains 1 characters.
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