Disposable Consumption income expenditure (€, thousands) (€, thousands) 200 220 300 300 400 380 500 460 According to the data in the above table, calculate the marginal propensity to consume (MPC). Give only a numerical answer. Where needed, use only a point (.) for decimals (e.g., 3.25, not 3,25) and no thousands separator (e.g., 2000, not 2,000).
Disposable Consumption income expenditure (€, thousands) (€, thousands) 200 220 300 300 400 380 500 460 According to the data in the above table, calculate the marginal propensity to consume (MPC). Give only a numerical answer. Where needed, use only a point (.) for decimals (e.g., 3.25, not 3,25) and no thousands separator (e.g., 2000, not 2,000).
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
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![Disposable
Consumption
income
expenditure
(€, thousands)
(€, thousands)
200
220
300
300
400
380
500
460
According to the data in the above table, calculate the marginal propensity to consume (MPC).
Give only a numerical answer.
Where needed, use only a point (.) for decimals (e.g., 3.25, not 3,25) and no thousands separator (e.g., 2000, not 2,000).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48c9e69c-d88b-469b-9765-6a2ac15c6a8d%2F25b430f0-37fc-46be-8684-035cba859402%2Ftb63g0g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Disposable
Consumption
income
expenditure
(€, thousands)
(€, thousands)
200
220
300
300
400
380
500
460
According to the data in the above table, calculate the marginal propensity to consume (MPC).
Give only a numerical answer.
Where needed, use only a point (.) for decimals (e.g., 3.25, not 3,25) and no thousands separator (e.g., 2000, not 2,000).
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