Question

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Refer to the information provided in Figure 23.5 below to answer the question(s) that follow, Aggregate saving (in billions) 400 800 900 Aggregate income (in billions) Figure 23.5 1) 1) Refer to Figure 23.5. If aggregate consumption is the only expenditure in this society, at an income level of $800 billion A) consumption equals income. B) saving is zero. C) the economy is in equilibrium. D) all of the above. 2) If consumption is $13,000 when income is $12,000, and consumption increases to $15,000 when income increases to $15,000, the MPS is A-0.15. B) 0. C) 0.33 D) 0.40. Refer to the information provided in Table 23.7 below to answer the question(s) that follow.

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Answer 1

0 Option n coryeut Ofphion Saving $900 an in cene AH shoron in fi 800 O at Te $006 (e) Sauiny at x ephon 33 nzinal Peopeni to Sat re phon Because C 13,00 0 1S000 mP& (manginal Propsuoiky Conoume lope T MPC G 5000-13000 SDO0 -12000 2000 666 3000 67 M SC 33