If the disposable income is $1000 and consumption expenditure is $ 750. Find the AP

Q: What is the relationship between income and consumption?

A: The income is the money wage earned by the individual for providing the service of the labor in the…

Q: Addul has no income, he spend #500 of his income is #2000, he then spend #1900, what is his…

A: Disposable income can be defined as the income available to the consumers after they pay the tax and…

Q: What would be the value of consumption if savings is $1300 and the value of Income is $2200

A: The data presented in the question above is:- Savings = $1300 Income = $2200 Consumption is to be…

Q: In a private closed economy (a) the marginal propensity to save is 0.2, (b) consumption equals…

A: Economic equilibrium is a condition or state in which economic forces are balanced. In effect,…

Q: A 1 Total Monthly Gross Income 2 Allowable Monthly Housing Expenditure 3 Total Non-Mortgage Housing…

A: Based on the information provided and the calculations required, the model will be presenting…

Q: Calculate the value of Consumption when average propensity to consume is 0.7 and the income is 700…

A: # The ratio of consumption expenditure to total income of the household gives average propensity to…

Q: Refer to the following figure. This household saves -$50 at an income level of A 1,000 Saving -300…

A: Consumption is the sum of autonomous consumption and consumption dependent on income. Disposable…

Q: Evample 27. If saving function for an economy is given as: S =-500 + 0.2Y and investment expenditure…

A: When an economy or firm has an equal quantity of output and market demand, it is said to be at its…

Q: Households across a nation face a reduction in wealth. As a result, savings will increase dispos…

A: If households across a nation face a reduction in wealth, then savings will decrease. Wealth of…

Q: empirical evidence that suggest that many consumers tend to spend all of their current disposable…

A: Disposable income is the household income left after paying all the direct taxes and receiving all…

Q: Investors become optimistic with respect to the economic situation. Analyze its effect on interest…

A: The scinario given in the question can be understood with the help of loanable funds market.

Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings…

A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the…

Q: The table gives disposable income (DI), consumption (C), and savings (S) data for the country of…

A: Disposable income is the income available with the household sector for the consumption purpose. The…

Q: Define time preferences for consumption

A: The time preference of consumption shows the strength of satisfying the desire in present rather…

Q: None

A: Step 1: Planned spending is the amount of money that individuals, companies, governments, or other…

Q: E(p1, p2,U)-UP₁ is a valid expenditure function. O True O False

A: An expenditure function represents the total amount of money a consumer spends on goods and services…

Q: Smith consumes all his income. Draw his consumption and saving schedule.

A: Consumption and saving The use of products and  the services by households is referred to as…

Q: Disposable Income — Maybe disposable income is a better measure of our economic well-being?…

A: Introduction The maximum amount a household or other unit can consume without depleting its real net…

Q: An increase in net taxes will O increase the household consumption. O increase the saving. O…

A: Household consumption is positively related to disposable income.  An increase in disposable income…

Q: Calculate the value of MPS is 0.8 calculate MPC

A: # The formula for marginal propensity to consume is given as:- MPC = 1 - MPS

Q: Find the APC when consumption is said to be 192 and the income is 246

A: Basically in the given question Consumption value is = 192 Income is given = 246 APC = ?

Q: Analyse the macroeconomic factors relevant to Mīhī's launch strategy and the implications of such…

A: Macroeconomic factors cover broad economic elements that can influence a country's economy and in…

Q: Soon after his election in 1992, President Clinton proposed reducing government spending and…

A: 1) President Clinton proposed reducing government spending and increasing taxes which will reduce…

Q: Allowable Monthly Housing Expenditure otal Non-Mortgage Housing Expenses Affordable Monthly Mortgage…

A: 1. If we talk about allowable monthly housing expenditure then this value can be find out by…

Q: Holding everything else constant, an increase in the savings rate will reduce the level of…

A: Income is the sum of consumption and saving.

Q: m is vegetarian and always eat a salad (s) with 2 glasses of green juice (g). His lity for the two…

A: Utility is satisfaction that is derived from the consumption of goods or services. Complement goods…

Q: Suppose that you are a PIH consumer. You expect to live for another 24 years. You expect to work for…

A: Marginal Propensity to Consume (MPC) is a concept that measures the change in consumption resulting…

Q: Define the term inventories?

A: Inventories refer to the stock of goods of a firm or business.

Q: True/False  An increase in savings implies a decrease in consumption and therefore a decrease in…

A: The function of Income is given by Y= C+S, which means income(Y) is a combination of savings and…

Q: Which of the following is true of disposable income? Group of answer choices It excludes transfer…

A: We are going to discuss the properties and various aspects of disposable income to answer this…

Q: Calculate MPS if change in savings is $1300 and the change in income is $2300

A: The data presented in the question above is:- Change in savings = $1300 Change in income = $2300…

Q: Name the two components of budget in an economy

A: In simple words we can say that the component of budget refers to the overall structure of the…

Q: Find APC if consumption is $300 and income is $3000.

A: Given data: Consumption, C=$300 Income, Y=$3000

Q: calculate the value of MPS when MPC is given to be as 0.37

A: # The relationship between MPS and MPC is given to be as :- MPS + MPC = 1

Q: Calculate the value of income if consumption is $2000 and savings is $1200

A: The Given information is as follows:- Consumption expenditure = $2000 Savings expenditure = $1200 We…

Q: Suppose a nation has disposable income of $77,000, if the nation consumes $44,000. What is the…

A: In economics, savings is the amount left over when the cost of a person's consumer expenditure is…

Q: Question 1: Consumption and Savings Functions (Show your work) Disposable Income Consumption Saving…

A: A disposable income of 0 corresponds to consumption of 500 and savings of -500, according to the…

Q: Do households make a distinction between spending for current expenses and spending for capital…

A: Households in different countries have different sets of income patterns. People want to spend on…

Q: If Y = C+I, saving, S, is defined as S=Y-C and C=cY, what is the ratio of saving to income, S/Y a.…

A: The objective of the question is to find the ratio of saving to income, S/Y, given the equations Y =…

Q: Saving is setting aside money you don't spend now for emergencies or for a future purchase. In an…

A: Savings function is a mathematical representation of the relationship between the disposable income…

Q: The change in consumption is $300 and change in income is $1000 Find the value of MPC

A: The marginal propensity to consume (MPC) measures the proportion of a unit of the consumer's income…