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Q: Calculate the value of consumption if APC is 0.31 and income is $4499.
A: Given data: Average propensity to consume, APC=0.31 Income is $4499.
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Can MPC be negative or greater than 1? Why or why not?
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- Exercise D23 Two counties are in a recession. Country A has an MPC of 0.8 and Country B has an MPC of 0.6. In which country will government spending have the greatest impact?Exercise D9 What is the marginal propensity to consume, and how is it related to the marginal propensity to import?Find MPC if MPS Is 0.18