The table gives disposable income (DI), consumption (C), and savings (S) data for the country of Cornucopia. Use given numerical values to complete the table. Average propensity Average propensity Disposable income ($) Consumption ($) Savings ($) to consume (APC) to save (APS) 9000.00 7950 1050 0.8833 0.1167 1350 0.8773 1650 0.1269 15000.00 0.8700 17000.00 0.1324 Marginal propensity Marginal propensity to consume (MPC) to save (MPS) 0.150 Answer Bank 13050 2250 11350 11000.00 0.1300 0.8676 14750 9650 0.1227 0.850 0.8731 13000.00 1950

The table gives disposable income (DI), consumption (C), and savings (S) data for the country of Cornucopia. Use given numerical values to complete the table. Average propensity Average propensity Disposable income ($) Consumption ($) Savings ($) to consume (APC) to save (APS) 9000.00 7950 1050 0.8833 0.1167 1350 0.8773 1650 0.1269 15000.00 0.8700 17000.00 0.1324 Marginal propensity Marginal propensity to consume (MPC) to save (MPS) 0.150 Answer Bank 13050 2250 11350 11000.00 0.1300 0.8676 14750 9650 0.1227 0.850 0.8731 13000.00 1950

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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