The table below shows the after-tax income and consumption spending for a nation. a. Calculate the...

 

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The table below shows the after-tax income and consumption spending for a nation. a. Calculate the dollar amount of savings, the marginal propensity to consume (MPC), and the marginal propensity to save (MPS) for each level of income. Instructions: Enter your answers for savings as a whole number. Round your answers for MPC and MPS to two decimal places. After-Tax Income and Consumption Spending After-Tax Income Consumption Spending (dollars) (dollars) $18,400 23,370 30,350 38,410 b. Using the data in the table, the MPC (Click to select) $9,270 13,680 19,090 24,630 Savings (dollars) 9130 9690 11260 13700 MPC MPS and the MPS (Click to select) as income increases. The table below shows the after-tax income and consumption spending for a nation. a. Calculate the dollar amount of savings, the marginal propensity to consume (MPC), and the marginal propensity to save (MPS) for each level of income. Instructions: Enter your answers for savings as a whole number. Round your answers for MPC and MPS to two decimal places. After-Tax Income and Consumption Spending After-Tax Income Consumption Spending (dollars) (dollars) $18,400 23,370 30,350 38,410 b. Using the data in the table, the MPC (Click to select) $9,270 13,680 19,090 24,630 Savings (dollars) 9130 9690 11260 13700 MPC MPS and the MPS (Click to select) as income increases.

Answer rating: 100% (QA)

From the Mpc raps show in 1 18400 93370 30350 Aftertax consumption Income Spending 38410 4 Mps da... View the full answer