The table gives disposable income (DI), consumption (C), and savings (S) data for the country of Cornucopia. Use the given numerical values to complete the table. Disposable income ($) Consumption ($) Savings ($) Average propensity Average propensity to consume (APC) to save (APS) 11000.00 7850 0.2864 3850 0.7038 4550 0.3033 17000.00 0.6912 19000.00 0.3132 Marginal propensity Marginal propensity to save (MPS) to consume (MPC) 0.350 Answer Bank

The table gives disposable income (DI), consumption (C), and savings (S) data for the country of Cornucopia. Use the given numerical values to complete the table. Disposable income ($) Consumption ($) Savings ($) Average propensity Average propensity to consume (APC) to save (APS) 11000.00 7850 0.2864 3850 0.7038 4550 0.3033 17000.00 0.6912 19000.00 0.3132 Marginal propensity Marginal propensity to save (MPS) to consume (MPC) 0.350 Answer Bank

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 4SQ

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