The following table shows income and consumption. Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C- Marginal propensity to save (MPS), D- Average propensity to consume (APC), E- Average propensity to save (APS). (show your calculations, write the answers to 2 decimal places) Y C S MPC MPS APC APS S = MPC = MPS = APC = APS = 300 360 410 400 600 510 800 250 1050 0.32
The following table shows income and consumption. Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C- Marginal propensity to save (MPS), D- Average propensity to consume (APC), E- Average propensity to save (APS). (show your calculations, write the answers to 2 decimal places) Y C S MPC MPS APC APS S = MPC = MPS = APC = APS = 300 360 410 400 600 510 800 250 1050 0.32
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.1P
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Question
The following table shows income and consumption. Calculate:
A- Saving (S),
B- Marginal propensity to consume (MPC),
C- Marginal propensity to save (MPS),
D- Average propensity to consume (APC),
E- Average propensity to save (APS).
(show your calculations, write the answers to 2 decimal places)
Y |
C |
S |
MPC |
MPS |
APC |
APS |
|
|
S = |
MPC = |
MPS = |
APC = |
APS = |
300 |
360 |
|
||||
410 |
400 |
|
||||
600 |
510 |
|
||||
800 |
250 |
|
||||
1050 |
0.32 |
|
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