1. When we focus on the private domestic economy, income equals consumption plus (Y=C+S) and aggregate...
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1. When we focus on the private domestic economy, income equals consumption plus (Y=C+S) and aggregate expenditure (AE) equal consumption plus investment (AE= Y= C+ 1). a. This question focuses on consumption and savings. b. Complete the table below C. Graph the consumption schedule d. Graph the savings schedule e. If income were to rise to $10,000 in this model, what would APC, MPC, MPS EQUAL? C Consumption Savings 1600 2500 2800 Income АРС MPC APS MPS t-1600) NIA N/A 1000 2.2 -12 (900) (400) 2000 1.4 3000 3400 0.6 4000 4000 4600 40 0.92 0-08 5000 APS: Average propensity to save S/Y APC: Average propensity consume C/Y NB: Income =Consumption + savings (Y= C+ S) Aggregate expenditure (AE) equals consumption plus investment (AE= C+ 1) 1. When we focus on the private domestic economy, income equals consumption plus (Y=C+S) and aggregate expenditure (AE) equal consumption plus investment (AE= Y= C+ 1). a. This question focuses on consumption and savings. b. Complete the table below C. Graph the consumption schedule d. Graph the savings schedule e. If income were to rise to $10,000 in this model, what would APC, MPC, MPS EQUAL? C Consumption Savings 1600 2500 2800 Income АРС MPC APS MPS t-1600) NIA N/A 1000 2.2 -12 (900) (400) 2000 1.4 3000 3400 0.6 4000 4000 4600 40 0.92 0-08 5000 APS: Average propensity to save S/Y APC: Average propensity consume C/Y NB: Income =Consumption + savings (Y= C+ S) Aggregate expenditure (AE) equals consumption plus investment (AE= C+ 1)
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Income APC MPC APS MPS 1600 1600 1000 2200 1200 220 06 120 04 2000 2800 800 140 ... View the full answer
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann , David Anderson, Dennis Sweeney, Thomas Williams
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