Author Question: The Marginal Propensity to Consume and the Marginal Propensity to SaveBased on the equations for C, ... (Read 57 times)

ega16 · **on:** Nov 23, 2022

Question 1

The Marginal Propensity to Consume and the Marginal Propensity to Save

Consumption	Disposable Income
$600	$800
800	1250
1000	1700

Given the data in the table, the marginal propensity to save (MPS) is ________. (Round to the nearest hundredth.)
◦ 0.75
◦ 0.56
◦ 0.41
◦ 0.44

Question 2

The Marginal Propensity to Consume and the Marginal Propensity to Save

Based on the equations for C, I, G, and NX below, what is the value of the marginal propensity to consume? (Round to the nearest hundredth.)

C = 2500 + 0.85Y
I = 2800
G = 2100
NX = 400

◦ 0.85
◦ 0.15
◦ -0.85
◦ 0.51

latoyia.cook · **Reply #1 on:** Nov 23, 2022

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