Problem 10-01 (algo) The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, enter your answers for consumption as a whole number. Round your answers for APC and A places. Round your answers for MPC and MPS to 1 decimal place. If you are entering any negative numbers be sure to negative sign (-) in front of those numbers. X Answer is not complete. Level of Output and Income (GDP = DI) Consumption Saving АРС APS MPC MPS $480 488 $-8 520 524 O -4 0.9 0.1 O 560 0.9 O 0.1 O 560 0.9 0.1 600 596 4 0.9 0.10 640 632 O 0.9 0.1 680 668 O 12 0.9 O 0.1 O 720 704 O 16 0.9 0.1 760 740 O 20 0.9 O 0.1 800 776 O 24

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 2.4P
icon
Related questions
Question

how to get APC and APS

Problem 10-01 (algo)
The following table provides data for output (real GDP) and saving.
a. Fill in the missing numbers (gray-shaded cells) in the table.
Instructions: In the table, enter your answers for consumption as a whole number. Round your answers for APC and APS to 3 c
places. Round your answers for MPC and MPS to 1 decimal place. If you are entering any negative numbers be sure to include
negative sign (-) in front of those numbers.
X Answer is not complete.
Level of Output
and Income (GDP =
DI)
Consumption
Saving
APC
APS
MPC
MPS
$480
488
$-8
520
524
-4
0.9
0.1
0.9
0.1
560
560
600
596
4
0.9
0.1
632
8
0.9
0.1
640
0.9
0.1
680
668
12
0.9
0.1
720
704
16
0.9
0.1
760
740
20
0.9
0.1
800
776
24
Transcribed Image Text:Problem 10-01 (algo) The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, enter your answers for consumption as a whole number. Round your answers for APC and APS to 3 c places. Round your answers for MPC and MPS to 1 decimal place. If you are entering any negative numbers be sure to include negative sign (-) in front of those numbers. X Answer is not complete. Level of Output and Income (GDP = DI) Consumption Saving APC APS MPC MPS $480 488 $-8 520 524 -4 0.9 0.1 0.9 0.1 560 560 600 596 4 0.9 0.1 632 8 0.9 0.1 640 0.9 0.1 680 668 12 0.9 0.1 720 704 16 0.9 0.1 760 740 20 0.9 0.1 800 776 24
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Factors Of Production
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning