Bundle: Exploring Macroeconomics, Loose-leaf Version, 7th + LMS Integrated MindTap Economics, 1 term (6 months) Printed Access Card
7th Edition
ISBN: 9781305784802
Author: Robert L. Sexton
Publisher: Cengage Learning
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Question
Chapter 15, Problem 6P
To determine
To compute:
The marginal propensity to consume and the marginal propensity to save.
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The value of marginal propensity to consume is 0.44
Calculate the value of Marginal propensity to save?
The marginal propensity to save is 0.55
What is the value of Marginal propensity to consume
Calculate the value of Marginal propensity to consume. The value of Marginal propensity to save Is 0.88
Chapter 15 Solutions
Bundle: Exploring Macroeconomics, Loose-leaf Version, 7th + LMS Integrated MindTap Economics, 1 term (6 months) Printed Access Card
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- Explain why the marginal propensity to save and the marginal propensity to consume sum to 1.arrow_forwardWhen disposable income equals $800 billion, consumption expenditure equals $600 billion and when disposable income equals $1,000 billion, consumption expenditure equals $760 billion. What is the marginal propensity to consume? 0.20 0.80 0.64 0.25arrow_forwardThe 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), E- Average propensity to save (APS). (show your calculations, write the answers to 2 decimal places) Y C S MPC MPS APC APS S = MPC = MPS = APC = APS = 300 360 410 400 600 510 800 250 1050 0.32arrow_forward
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