Question 12 Assume the following consumption schedule. C= 20 + 0.9 Y, where C is consumption and Y is disposable income. At $1, 100 level of disposable income: (show your calculations) a. Find out the level of saving and consumption? (. b. How much are the APC and APS (to one decimal place)? ( c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decinal places)?, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 10pt E vA v 2 v 岛Q >|-制邮| |x X|深 I 19 田v国田田田图图国

Question 12 Assume the following consumption schedule. C= 20 + 0.9 Y, where C is consumption and Y is disposable income. At $1, 100 level of disposable income: (show your calculations) a. Find out the level of saving and consumption? (. b. How much are the APC and APS (to one decimal place)? ( c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decinal places)?, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 10pt E vA v 2 v 岛Q >|-制邮| |x X|深 I 19 田v国田田田图图国

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.3P

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