Refer to the information provided in Table 24.5 below to answer ...

[DyllonKazuo]

Question 1

Refer to the information provided in Table 24.5 below to answer the question(s) that follow.












Refer to Table 24.5. Assuming constant 
MPC, at income of $1,000 million, consumption is $________ million, and at income of $1,300 million, consumption is $________ million.

◦ 600; 860
◦ 640; 900
◦ 680; 920
◦ 720; 960

Question 2

Refer to the information provided in Table 24.5 below to answer the question(s) that follow.












Refer to Table 24.5. Assuming constant 
MPC, at income of $1,200 million, saving is $________ million, at income of $1,600 million, saving is $________ million.

◦ 150; 230
◦ 160; 240
◦ 170; 250
◦ 180; 260

[HandsomeMarc]

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[DyllonKazuo]

Excellent

[HandsomeMarc]

Great! Please up vote

[kellyjaisingh]

Question 1

Refer to the information provided in Table 24.5 below to answer the question(s) that follow.












Refer to Table 24.5. The 
MPC in this economy is ________ and the 
MPS is ________.

◦ 0.5; 0.5
◦ 0.7; 0.5
◦ 0.9; 0.1
◦ 0.8; 0.2

Question 2

Refer to the information provided in Table 24.5 below to answer the question(s) that follow.












Refer to Table 24.5. The equilibrium level of aggregate output is $________ million.

◦ 1,200
◦ 1,300
◦ 1,400
◦ 1,500

[mistyjohnson]

Answer 1

0.8; 0.2

Answer 2

1,400

[Zoey63294]

Question 1

Refer to the information provided in Table 24.5 below to answer the question(s) that follow.












Refer to Table 24.5. Which of the following variables is 
not considered autonomous?

◦ saving
◦ planned investment
◦ planned government spending
◦ None of these

Question 2

Refer to the information provided in Table 24.5 below to answer the question(s) that follow.












Refer to Table 24.5. Suppose the economy is in equilibrium and the government increases spending by $50 million, the new equilibrium output is $________ million

◦ 1,350
◦ 1,450
◦ 1,650
◦ 1,750

[Silverbeard98]

Answer 1

saving

Answer 2

1,650

[Zoey63294]

TY

[Silverbeard98]

You're welcome