1. (Appendix Question) The following table contains data on the relationship between saving and income.Rearrange these data into a meaningful order and graph them on the accompanying grid. Thevariable on X-axis should be (Label variables on the graph. →), and the variable on y-axis should be ().100Income(per year)Saving(per year)soS-2050501002015040-5050100150The relationship between income and saving is (direct, inverse; positive, negative ). That means, asincome increases, the amount of saving (increases, decreases, stays the same).What is the slope of the line? Slope =.The slope shows the amount of changes in savings due to the changes in income. That is, for every $1increase in income, the amount of increase in saving will be $The vertical intercept? (= $when income is C= Vertical changes + Horizontal changes_). The intercept shows the amount of saving (dissaving) occurring

Income is generally spend on Consumption or is saved in the form of savings.Direct relationship is…

(Appendix Question) The following table contains data on the relationship between saving and incom Rearrange these data into a meaningful order and graph them on the accompanying grid. TH variable on X-axis should be ( Label variables on the graph. → ), and the variable on y-axis should be ( 100 Income (per year) Saving (per year) so S-20 50 50 100 20 40 150 -50 50 100 150 he relationship between income and saving is (direct, inverse; positive, negative ). That means, as ncome increases, the amount of saving (increases, decreases, stays the same ). Vhat is the slope of the line? Slope =_ The slope shows the amount of changes in savings due to the changes in income. That is, for every $i ncrease in income, the amount of increase in saving will be $ The vertical intercept? ( = $_ when income is (_ _ = Vertical changes + Horizontal changes .). The intercept shows the amount of saving (dissaving) occurring

(Appendix Question) The following table contains data on the relationship between saving and incom Rearrange these data into a meaningful order and graph them on the accompanying grid. TH variable on X-axis should be ( Label variables on the graph. → ), and the variable on y-axis should be ( 100 Income (per year) Saving (per year) so S-20 50 50 100 20 40 150 -50 50 100 150 he relationship between income and saving is (direct, inverse; positive, negative ). That means, as ncome increases, the amount of saving (increases, decreases, stays the same ). Vhat is the slope of the line? Slope =_ The slope shows the amount of changes in savings due to the changes in income. That is, for every $i ncrease in income, the amount of increase in saving will be $ The vertical intercept? ( = $_ when income is (_ _ = Vertical changes + Horizontal changes .). The intercept shows the amount of saving (dissaving) occurring

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Mary is a corn farmer in Iowa. If she does not irrigate her field, she can produce 120 bushels of corn per acre. If she applies 4 inches of irrigation water, she can produce 140 bushels of corn per acre. The application of 8, 12, and 16 inches of irrigation water can result in 160, 180, and 200 bushels of corn per acre, respectively. Graph the relationship between the amount of water applied and corn yield for Mary. What is the slope?
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A person earns 6000 Rs. Monthly, he also receives 2000 Rs from his part-time business from which he saves 1000 Rs and consume remaining 1000 Rs. His MPS is 0.17, calculate, MPC, total consumption, Total savings, and his total earnings.
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The next three questions involve the following situation. Consider a closed economy in which I $100, 000, 000, 000, and T = $30, 000, 000, 000. $20, 000, 000, 000, G = $45, 000, 000, 000, Y = 1. What is total saving, S? (A) -$30 billion. (B) $35 billion. (C) -$15 billion. (D) $20 billion. 2. What is consumption? (A) $15 billion. (B) $35 billion. (C) -$15 billion. (D) -$35 billion. 3. What is private saving? (A) $15 billion. (B) $35 billion. (C) -$15 billion. (D) -$35 billion. 4. Which of the following assets performs best in times of demand-pull inflation? (A) Gold. (B) Agricultural real estate. (C) Stocks. (D) Bonds.