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6. Use the following table to answer these questions! Y C G $60 $ 500 $ 600 $ 700 $ 800 $ 900 $500 $10 $20 $590 $10 $20 $40 $680 $10 $20 $20 $770 $10 $20 $ 0 $860 $10 $20 -$20 $1,000 $950 $10 $20 -$40 a. What is the MPC? b. What is the MPS? c. What is the MPI? aynenditures at each

6. Use the following table to answer these questions! Y C G $60 $ 500 $ 600 $ 700 $ 800 $ 900 $500 $10 $20 $590 $10 $20 $40 $680 $10 $20 $20 $770 $10 $20 $ 0 $860 $10 $20 -$20 $1,000 $950 $10 $20 -$40 a. What is the MPC? b. What is the MPS? c. What is the MPI? aynenditures at each

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6. Use the following table to answer these questions: hoilli Y C $ 500 $ 600 $ 700 $ 800 $ 900 $500 $10 $20 $60 $590 $10 $20 $40 $680 $10 $20 $20 $ 0 -$20 --$40 $770 $10 $20 $860 $10 $20 $1,000 $950 $10 $20 a. What is the MPC? b. What is the MPS? c. What is the MPI? d. What is the level of aggregate expenditures at each level of income? e. Graph the aggregate expenditures function. 7. Based on the table in exercise 6, what is the linear equa- tion for each of the following functions? a. Consumption b. Investment c. Net exports d, Aggregate expenditures
Transcribed Image Text:6. Use the following table to answer these questions: hoilli Y C $ 500 $ 600 $ 700 $ 800 $ 900 $500 $10 $20 $60 $590 $10 $20 $40 $680 $10 $20 $20 $ 0 -$20 --$40 $770 $10 $20 $860 $10 $20 $1,000 $950 $10 $20 a. What is the MPC? b. What is the MPS? c. What is the MPI? d. What is the level of aggregate expenditures at each level of income? e. Graph the aggregate expenditures function. 7. Based on the table in exercise 6, what is the linear equa- tion for each of the following functions? a. Consumption b. Investment c. Net exports d, Aggregate expenditures
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