Question: Consider the following table. (Add more columns to answer the questions below) Aggregate Income Aggregate Saving 0-130 150 - 100 300 - 70 450

Consider the following table. (Add more columns to answer the questions below)

Consider the following table. (Add more columns to answer the questions below) Aggregate Income Aggregate Saving 0-130 150 - 100 300 - 70 450 - 40 600 - 10 a. Calculate the slope of the consumption function? What does the slope measure? b. Calculate MPC and MPS. Interpret their meanings? c. What is the equation for the aggregate saving function? d. What is the equation for the aggregate consumption function? e. Calculate the equilibrium income mathematically if investment is 45 f. Calculate the expenditure multiplier. Explain its meaning

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