1 The 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). Y C 1000 1500 2000 2600 3600 3000 4800 3900 5500 4200 6200 4800
1 The 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). Y C 1000 1500 2000 2600 3600 3000 4800 3900 5500 4200 6200 4800
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
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Question
Q-1 The 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).
Y C
1000 1500
2000 2600
3600 3000
4800 3900
5500 4200
6200 4800
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