Calculate saving at each level of disposable income. Over what range of disposable income does consumption expenditure
Question:
The table shows disposable income and consumption expenditure in an economy. Use the table to work Problem.
Transcribed Image Text:
Disposable Consumption expenditure (billions of dollars) 350 income 200 400 500 600 650 800 800 1,000 950
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
When disposable income is 200 billion saving is 150 bill...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Calculate saving at each level of disposable income and calculate the marginal propensity to save. You are given the information in the table about the economy of the United Kingdom. Disposable...
-
Calculate the value of the consumption function at each level of disposable income in Table 1 if a = 100 and mpc = 09.
-
Calculate consumption at each level of disposable income. Calculate the marginal propensity to consume. You are given the information in the table about the economy of Australia. Disposable Saving...
-
With respect to strategies used by land conservation groups to preserve land, conservation easements seem to be expanding more rapidly than buying land for preservation. In what respect might...
-
Describe the benefits of using self-managed teams in organizations.
-
Rods Auction House in Bent Crankshaft, Oregon, holds sealed bid used-car auctions every Tuesday. Each used car is sold to the highest bidder at the second-highest bidders bid. On average, half of the...
-
If a new Boeing 787 Dreamliner cruises at a Mach number of 0.87 at an altitude of \(30,000 \mathrm{ft}\), how fast is this in (a) \(\mathrm{mph}\), (b) \(\mathrm{ft} / \mathrm{s}\), (c) \(\mathrm{m}...
-
Shunda Corporation wholesales parts to appliance manufacturers. On January 1, 2014, Shunda Corporation issued $22,000,000 of five-year, 9% bonds at a market (effective) interest rate of 7%, receiving...
-
Tom, Jack and Harry paid a dividend of 120 cents. The dividends are expected to grow by 40% per annum during the 3-year supernormal period when the cost of equity is 30%, then grow at 20%per annum...
-
You have been asked by a client to review the records of Roberts Company, a small manufacturer of precision tools and machines. Your client is interested in buying the business, and arrangements have...
-
Calculate the marginal propensity to consume. At what level of disposable income will saving be zero? If expected future income increases, in which direction will the consumption function change? The...
-
What determines the decrease in aggregate demand resulting from a decrease in durable goods orders? U.S. durable goods orders slump most in three years, the Commerce Department reported that orders...
-
Here is the topic "Game Theory for Stock Market Selling Price Optimization" Integrate what you have learned from the course resources into your document. As you consider the topic for your research...
-
A thin spherical shell, of mass m = 20 kg and radius R, rolls smoothly from rest down a ramp at an angle = 30. Assume that the spherical shell has the centre of mass inertia Icom = 2/3mR. Draw a free...
-
A spaceship moves with a uniform velocity u, that is close to the speed of light c, with respect to the ground. The length of the spaceship is L' in the reference of the spaceship itself. One light...
-
A 3 kg mass hangs at the end of a spring which has spring constant 10 N/m if the mass is displaced slightly and released calculate the vibrational frequency.
-
A block moves 1 0 meters in 5 seconds at a constant rate. What is its velocity and acceleration?
-
the half value layer of a monoenergetic beam for a particular tissue is 2 cm . what percentage of the incident beam intensity is absorbed after it has traveled 4 cm ?
-
An artist wants to create a metal sculpture using a mold so that his artwork can be readily mass-produced. He wants his sculpture to be exactly 6 inches tall. Should the mold also be 6 inches tall?...
-
Evaluate the integral, if it exists. Jo y(y + 1) dy
-
Use the following information to work Problems. An economy produces only fun and food. The table shows the prices and the quantities of fun and food produced in 2020 and 2021. The base year is 2020....
-
Use the table, which shows an economys total production and the prices of the final goods it produced in 2020 and 2021, to work Problems. Calculate nominal GDP in 2020 and 2021. Item Fish Berries GDP...
-
Use the following data on the economy of Iberia to work Problems. Net taxes $18 billion Government expenditure $20 billion Saving $15 billion Consumption expenditure $67 billion Investment $21...
-
E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB...
-
Required information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company....
-
Question 1 Vieux Enterprise's total overhead costs at various levels of activity follow: Month Machine- Hours Total Overhead Costs April 70,000 $198,000 May 100,000 270,000 June 80,000 222,000 July...
Study smarter with the SolutionInn App