Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Question 20PlannedConsumption$6,00010,00014,00018,00022,00026,000-$1,00001,0002,000PlannedSaving$1,000-PlannedInvestment$5,00010,00015,00020,00025,00030,000RealGDPAccording to the above table, it real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save?0.00.120.560.88

Average Propensity to Save (APS) refers to the proportion of the income that is saved. it is not…

Answered: According to the above table, if real…

According to the above table, if real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save? 0.0 0.12 0.56 0.88

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 20
Planned
Consumption
$6,000
10,000
14,000
18,000
22,000
26,000
-$1,000
0
1,000
2,000
Planned
Saving
$1,000
-
Planned
Investment
$5,000
10,000
15,000
20,000
25,000
30,000
Real
GDP
According to the above table, it real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save?
0.0
0.12
0.56
0.88

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