Suppose that disposable income consumption and saving in, Ask an Expert

Economics

Suppose that disposable income, consumption, and saving in some country are $400 billion, $350 billion, and $50 billion, respectively. Next, assume that disposable income increases by $40 billion, consumption rises by $32 billion, and saving goes up by $8 billion. What is the economy’s MPC? Its MPS?

a) MPC =

b) MPS =

c) APC before the increase in disposable income? =

d) APC after the increase in disposable income? =

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845653

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