Based on the following data (in billions of dollars), calculate GDP Disposable income Consumption 2016 2017 2018 18,715 19,519 20,580 14,165 14,833 15,741 12,749 13,312 13,999 b. the APC in 2017. 2019 21,340 16,356 14,511 Instructions: Round your responses to two decimal places. a. the MPC (2016-2017). c. the share of output devoted to consumer goods in 2017.

Based on the following data (in billions of dollars), calculate GDP Disposable income Consumption 2016 2017 2018 18,715 19,519 20,580 14,165 14,833 15,741 12,749 13,312 13,999 b. the APC in 2017. 2019 21,340 16,356 14,511 Instructions: Round your responses to two decimal places. a. the MPC (2016-2017). c. the share of output devoted to consumer goods in 2017.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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