Based on the following data (in billions of dollars), calculate 2016 2017 2018 2019 GDP 18,715 19,519 20,580 21,340 Disposable income 14,165 14,833 15,741 16,356 Consumption 12,749 13,312 13,999 14,511 Please express your answers as decimals rounded to three decimal points a The MPC from 2016 to 20...

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Based on the following data (in billions of dollars), calculate 2016 2017 2018 2019 GDP 18,715 19,519

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Based on the following data (in billions of dollars), calculate

	2016	2017	2018	2019
GDP	18,715	19,519	20,580	21,340
Disposable income	14,165	14,833	15,741	16,356
Consumption	12,749	13,312	13,999	14,511

Please express your answers as decimals rounded to three decimal points.

a. The MPC from 2016 to 2017

b. The MPC from 2017 to 2018

c. The APC in 2018

d. The APS in 2019

e. The share of output devoted to consumer goods in 2017

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College Accounting A Contemporary Approach

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Authors: David Haddock, John Price, Michael Farina

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Posted Date: Jan 02, 2021 01:48 AM

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Based on the following data (in billions of dollars), calculate 2016 2017 2018 2019 GDP 18,715 19,519

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College Accounting A Contemporary Approach

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