ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is C=40+ 0.9 Y. Also suppose that income (Y) is $400. Determine the following values: Instructions: For parts a, b, d, and f, round your answers to 2 decimal places if necessary. For parts c and e, enter your answers as a whole number. a. MPC = .9 b. MPS = .1 c. Level of consumption = $ 400 d. APC = e. Level of saving = $ f. APS 이 0
ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is C=40+ 0.9 Y. Also suppose that income (Y) is $400. Determine the following values: Instructions: For parts a, b, d, and f, round your answers to 2 decimal places if necessary. For parts c and e, enter your answers as a whole number. a. MPC = .9 b. MPS = .1 c. Level of consumption = $ 400 d. APC = e. Level of saving = $ f. APS 이 0
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.3P
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Transcribed Image Text:ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is
C=40+ 0.9 Y.
Also suppose that income (Y) is $400. Determine the following values:
Instructions: For parts a, b, d, and f, round your answers to 2 decimal places if necessary. For parts c and e, enter your answers
as a whole number.
a. MPC =
.9
b. MPS =
.1
c. Level of consumption = $
400
d. APC =
e. Level of saving = $
f. APS
이
0
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