The accompanying table presents hypothetical data on aggregateconsumption expenditure and disposable income in millions ofdollars over five years.Disposable incomeConsumption expenditureYear(in millions)(in millions)20132001752014225193.7520152802352016325268.752017300250a. What is the marginal propensity to consume (MPC)?МРC:b. What is the marginal propensity to save (MPS)?MPS:

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Description: The accompanying table presents hypothetical data on aggregateconsumption expenditure and disposable income in millions ofdollars over five years.Disposable incomeConsumption expenditureYear(in millions)(in millions)20132001752014225193.752015280235

The marginal propensity to consume is characterized as the extent of a total salary increase that a…

Answered: 2014 225 193.75 2015 280 235 2016 325…

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2014 225 193.75 2015 280 235 2016 325 268.75 2017 300 250 s the marginal propensity to consume (MPC)? s the marginal propensity to save (MPS)?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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The accompanying table presents hypothetical data on aggregate
consumption expenditure and disposable income in millions of
dollars over five years.
Disposable income
Consumption expenditure
Year
(in millions)
(in millions)
2013
200
175
2014
225
193.75
2015
280
235
2016
325
268.75
2017
300
250
a. What is the marginal propensity to consume (MPC)?
МРC:
b. What is the marginal propensity to save (MPS)?
MPS:

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