Refer to Table 11.1.2, which shows the relationship between disposable inc...
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Table 11.1.2
Disposable Income(dollars)
Consumption Expenditure(dollars)
325
325
400
375
475
425
550
475
625
525
Refer to Table 11.1.2, which shows the relationship between disposable income and consumption expenditure for an economy. What is the value of the marginal propensity to consume?