personal consumption expenditures (C) and disposable income (Y d): Year C Y d 1 300 400 2 500 700 a. Compute the marginal propensity to consume. b. Compute the amount of savings for years 1 and 2. c. Compute the marginal propensity to save.
personal consumption expenditures (C) and disposable income (Y d): Year C Y d 1 300 400 2 500 700 a. Compute the marginal propensity to consume. b. Compute the amount of savings for years 1 and 2. c. Compute the marginal propensity to save.
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.2P
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personal consumption expenditures (C) and disposable income (Y d):
Year C Y d
1 300 400
2 500 700
a. Compute the marginal propensity to consume.
b. Compute the amount of savings for years 1 and 2.
c. Compute the marginal propensity to save.
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