The above figure suggests that:
A)consumption would be $60 billion even if income were zero.
B)saving is zero at the $120 billion income level.
C)as income increases, consumption decreases as a percentage of income.
D)as income increases, consumption decreases absolutely.
Answer:C
The above figure suggests that:
A)consumption would be $60 billion even if income were zero. B)saving is zero at the $120 billion income level. C)as income increases, consumption decreases as a percentage of income. D)as income increases, consumption decreases absolutely.