2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of...
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2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of Watis. a) Complete the table assuming that the MPC is constant. b) What are the values of the MPC and MPS? MPC: MPS: c) What are the equations for the consumption function and the saving function? C=. S=. TABLE 6.9 Y 40 50 70 100 150 20 200 40 2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of Watis. a) Complete the table assuming that the MPC is constant. b) What are the values of the MPC and MPS? MPC: MPS: c) What are the equations for the consumption function and the saving function? C=. S=. TABLE 6.9 Y 40 50 70 100 150 20 200 40
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