Based upon the above table, the MPC for the consumption function is
A. increasing as income rises.
B. equal to 1.0 at $600 billion.
C. constant at 0.75.
D. constant at 0.25.
Answer:C
Based upon the above table, the MPC for the consumption function is
A. increasing as income rises. B. equal to 1.0 at $600 billion. C. constant at 0.75. D. constant at 0.25.