Question: Graphing the consumption function from the M P C Consider a hypothetical economy i n which the marginal propensity t o consume ( M P

Graphing the consumption function from the MPC
Consider a hypothetical economy in which the marginal propensity to consume (MPC)is0.75. That is,if disposable income increases by $1,
consumption increases by75$.
Suppose further that last year disposable income in the economy was $500 billion and consumption was $450 billion.
On the following graph, use the blue line (circle symbol)to plot this economy's consumption function based on these data. From the preceding data, you know that the level of saving in the economy last year was
billion and the marginal propensity to save in this
economy is
Suppose that this year, disposable income is projected tobe $700 billion.
Please look at pictures and make an image of the graph thank you!
Graphing the consumption function from the M P C

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