Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume is 0.80, how much money is Allison saving?
Select one:
a. She is saving $3,000
b. She is saving $7,000
c. She is saving $10,000
d. She is saving $12,000
e. She is saving $15,000
Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume...
Allison disposable income is $90,000, her autonomous consumption is $15,000 and her Marginal Propensity to Consume is 0.80, how much money is Allison saving? Select one: a. She is saving $3,000 b. She is saving $7,000 c. She is saving $10,000 d. She is saving $12,000 e. She is saving $15,000
Suppose that Maria spends 84,500 on consumption, her disposable income is $90,000 and her Marginal Propensity to Save is .15. What does Maria's autonomous consumption equal? Select one: a. $5,500 b. $6,500 c. $7,000 d. $8,000 e. $9,500.
Brittany's Marginal Propensity to Consume is 0.85, her autonomous consumption is $10,000 and she consumes $95,000 worth of goods. How much is Brittany saving? Select one: a. She is saving $2,000 b. She is saving $4,000 c. She is saving $5,000 d. She is saving $6,000 e. She is saving $8,000
Alexandra's Marginal Propensity to Consume is 0.80. When her income increases, she raises her savings by $80. By how much did her disposable income increase? Select one: a. By $400 b. By $500 c. By $540 d. By $600 e. By $800
Economists refer to the simple relationship between consumption and disposable income as: autonomous consumption. the marginal propensity to consume. the absolute disposable income hypothesis. disposable income. the consumption function.
Suppose the following table describes the relation of consumption spending to the disposable income Disposable Income (Yp)|400 500 600 700 800 Consumption ( 390 470 550 630 710 (a) Derive the consumption function. Explain the two components of (e) What is the level of saving when the level of income equals to $900, to $350, to $300? Redraw the graphs from points (a) and (d) and show the areas of saving and dissaving. (f) Suppose income grows from $850 to...
Suppose the marginal propensity to consume if 0.75 and autonomous consumption (consumption at zero income) is $4,000. If income is $50,000, consumption spending is a. $37,500 b. $41,500 C. $45,500 d. $54,000 QUESTION 4 If the consumption function for an economy is C = 180 + 75 Yd (disposable income) and spending increases by $800, then the resulting change in national income is a. +$2,800 OOO b. 5-3,200 c. $-2,800 d. $+3,200 QUESTION 5 Assume the actual GDP is $4800...
Gary's autonomous consumption is $12,000 and his disposable income is $84,000. If Gary consumes $75,000 worth of goods, what is his Marginal Propensity to Save? Select one: a. .10 b. .15 c. .20 d. .25 e. .40
State the values of autonomous consumption and marginal propensity to consume for the consumption function. C=0.7Y+70 Autonomous consumption is (Type an integer or a decimal.) The marginal propensity to consume (MPC) is (Type an integer or a decimal.) Enter any number or expression in each of the edit fields IS - Week 3a.ppt Overview and lea docx ere to search
6. The marginal propensity to consume (mpc) is the: A, amount by which disposable income increases when consumption increases by $1 B. amount by which consumption increases when disposable income increases by $1 percentage by which consumption increases when disposable income increases by 1% D, percentage by which disposable income increases when consumption increases by 1% 7. Data on output and planned aggregate expenditure in Macroland are given below. 2,000 3,000 4,000 5,000 6,000 2,300 3,200 4,100 5,000 5,900 Based...