15 Complete the following table for the consumption function: C = $600+ 0.60Y. (Round all answers to three decimal places.)Average Propensityto Save (APS)RealGDP (Y)$10,00011,00012,00013,00014,00015,000Average Propensityto Consume (APC)

Average Propensity to Consume = C/Yd Average Propensity to Save = S/Yd

Complete the following table for the consumption function: $600+ 0.60Y. (Round all answers to three decimal places.) Average Propensity Average Propensity to Consume (APC) to Save (APS) Real GDP (Y) $10,000 11,000 12,000 13,000 14,000 DO000

Complete the following table for the consumption function: $600+ 0.60Y. (Round all answers to three decimal places.) Average Propensity Average Propensity to Consume (APC) to Save (APS) Real GDP (Y) $10,000 11,000 12,000 13,000 14,000 DO000

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 6SQ

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Question

Complete the following table for the consumption function: C = $600+ 0.60Y. (Round all answers to three decimal places.)
Average Propensity
to Save (APS)
Real
GDP (Y)
$10,000
11,000
12,000
13,000
14,000
15,000
Average Propensity
to Consume (APC)

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