Question: 215 I'm trying to understand 5. Consider the following table for the U.S. economy. (in millions of dollars) Year Disposable Income Consumption 2000 40,000 32,500

215 I'm trying to understand

5. Consider the following table for the U.S. economy. (in millions of dollars) Year Disposable Income Consumption 2000 40,000 32,500 2001 45,000 37,000 2002 50,000 41,500 a. (1 pt) Using the data in the table above, calculate the Marginal Propensity to Consume (MPC). (Show work below) b. (0.5 pt) Interpret the value you calculated for MPC in part a

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