Question: 2.Use the following Consumption function data to answer the questions below: Real Disposable IncomeConsumptionSavingMPCMPS $100$150 $200$200 $300$250 $400$300 $500$350 A.What is Saving if Real Disposable

2.Use the following Consumption function data to answer the questions below:

Real Disposable IncomeConsumptionSavingMPCMPS

$100$150

$200$200

$300$250

$400$300

$500$350

A.What is Saving if Real Disposable Income = $400.What is Saving if Yd = 500?

B.What is the marginal propensity to consume (MPC)?

C.What is the marginal propensity tosave(MPS)?

D.What is the break-even income (level of income at which Saving = 0)?

E.What is the mathematical relation between the MPC and the MPS?

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