Q-1 The following table shows income and consumption: Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C-Marginal propensity to save (MPS), D- Average propensity to consume (APC) and E- Average propensity to save (APS). 410

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter23: The Aggregate Expenditure Model
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Q-1 The following table shows income and consumption:
Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C- Marginal propensity to save (MPS), D-
Average propensity to consume (APC) and E- Average propensity to save (APS).
YCSMPCMPS/APCAPS
300 360
410 400
Transcribed Image Text:Q-1 The following table shows income and consumption: Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C- Marginal propensity to save (MPS), D- Average propensity to consume (APC) and E- Average propensity to save (APS). YCSMPCMPS/APCAPS 300 360 410 400
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