If disposable income increases from $912 billion to $1092 billion and Savings increased by $192, then...
If disposable income increases from $912 billion to $1092 billion and Savings increased by $192, then the consumption will increase by ____________ (A: $0 billion; B: $6 billion; C: $9 billion; D: $12 billion).
Homework Answers
Ans- (A)
Total change in disposable income= 1092-912=180
Total change in savings = 192
Since saving increases by more than increase in disposable income so consumption cannot increase, consumption will decrease.
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If disposable income increases from $912 billion to $1092
billion and Savings increased by $192, then...
In an economy, when disposable income increases from $400 to $500, consumption expenditure increases from $420...
In an economy, when disposable income increases from $400 to $500, consumption expenditure increases from $420 billion to $500. Calculate the marginal propensity to consume, the change in saving, and the marginal propensity to save. The marginal propensity to consume is 0.80. >>> Answer to 2 decimal places. When disposable income increases from $400 billion to $500 billion, saving increases by $ 20 billion. The marginal propensity to save is 0.20 >>> Answer to 2 decimal places.
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Based on the data below, calculate the Average Propensity to Consume at a disposable income of...
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In an economy, when disposable income increases from $400 to $500, consumption expenditure increases from $420 billion to $500. Calculate the marginal propensity to consume, the change in saving, and the marginal propensity to save. The marginal propensity to consume is 0.80. >>> Answer to 2 decimal places. When disposable income increases from $400 billion to $500 billion, saving increases by $ 20 billion. The marginal propensity to save is 0.20 >>> Answer to 2 decimal places.
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Based on the data below, calculate the Average Propensity to Consume at a disposable income of $500 Aggregate Disposable Income Consumption $ billions) $ billions) so $80 $100 $200 $300 $400 $500 $160 $220 $300 $380 $460 0.80 O$80 0.08 0.92 2.5 pts D Question 31 If disposable income increases from $450 to $470 bi propensity to save (MPS)? llion and savings increases from $15 to $20 billion, what is the marginal 0.25 0.02
- - - 800 400 500 600 700 Real disposable income billion) Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately a. S540 billion Pob. $800 billion Ploc $650 billion. d. S420 billion.
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