Disposable ncome and Consur llar MILO 11414 DAI DAM Using the infomation in the sabie, graph the consumpton schedetor this country Itructions Use the tool provided Co plotthe consumption ne point by poipots tota Use he tool qb where consumpton equals diaposable ncome Consumption Schedule Conumpton (an) 2000 700 000 25000
Disposable ncome and Consur llar MILO 11414 DAI DAM Using the infomation in the sabie, graph the consumpton schedetor this country Itructions Use the tool provided Co plotthe consumption ne point by poipots tota Use he tool qb where consumpton equals diaposable ncome Consumption Schedule Conumpton (an) 2000 700 000 25000
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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Question
![Suppose you have the following disposable income and consumption data for a country, as shown in the table below
Disposable income and Consumption
BENp e e
(dllar
13,000
227,000
3,400
E4,300
1,000
AUsing the information in the table, graph the consumption schedule for this country
Instructions Use the tool provided C' to plot the consumption line polnt by point points total. Use the tool Equnibrium to indicate
where consumption equals disposable income.
Consumption Schedule
Conumption (dollarn)
21.000
lave
27000
26000
25000
24.000
23,000
22,000
21000
20,000
20,000
22000
26.000
24.000
28,000
Disposable income (dollars)
&What is the stope of the consumpton schedule?
Instructions Round your answer to 1 decimal place](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90631a87-ac78-448f-8d81-c302d4743c48%2F8b2b787b-151a-49a2-aba3-05e97bb77b1e%2F24ixfwq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose you have the following disposable income and consumption data for a country, as shown in the table below
Disposable income and Consumption
BENp e e
(dllar
13,000
227,000
3,400
E4,300
1,000
AUsing the information in the table, graph the consumption schedule for this country
Instructions Use the tool provided C' to plot the consumption line polnt by point points total. Use the tool Equnibrium to indicate
where consumption equals disposable income.
Consumption Schedule
Conumption (dollarn)
21.000
lave
27000
26000
25000
24.000
23,000
22,000
21000
20,000
20,000
22000
26.000
24.000
28,000
Disposable income (dollars)
&What is the stope of the consumpton schedule?
Instructions Round your answer to 1 decimal place
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