If consumers save 21 cents out of every dollar received, the   Multiple Choice marginal propensity to save is 0.21. multiplier is 0.21. marginal propensity to consume is 0.21. marginal propensity to save is 0.79.

Q: If you make $800 from a lucrative side business selling snack food in dorms, how much would you save…

A: Given  Total Earning = $800 MPC = 0.75 We know that  MPS + MPC = 1 Where MPS is Marginal propensity…

Q: Suppose the following list of events describes all of the economic activity resulting from an…

A: Here we have to calculate the Saving and Consumtion Values at the MPC value of 0.67MPC: The MPC…

Q: If the income level is 120 and total savings for that level is 40 find the average propensity to…

A:

Q: Monica's current income went up from $100.000 to $105,000 and she increased her current

A: Given that, Monica's current income went up from $100,000 to $105,000  Her change in income =…

Q: In an economy the value of Marginal propensity to save Is 0.21 Calculate the value of Marginal…

A: Marginal propensity to save (MPS) is the slope of the saving curve. It implies that how much saving…

Q: Find Multiplier if the value of MPC is 0.65

A: The data presented in the question above is:- Marginal propensity to consume = 0.65  Multiplier is…

Q: *4. Data on before-tax income, taxes paid and consumption spending (on domestic goods and services)…

A: Autonomous consumption is individuals' or households' baseline level of spending on essential goods…

Q: If the MPC were equal to zero, the expenditure multiplier would be *   a. Less than zero b. zero c.…

A: Marginal propensity to consume (MPC) measures the change in consumption due to change in disposable…

Q: Draw a graph of a consumption function (with disposable income on the x-axis and consumption on the…

A: Consumption function in terms of disposable income can be written asC=a+bYdWhere a is autonomous…

Q: Fill in the blanks: Suppose when disposable personal income increases from $1,000 to $1,500,…

A: Saving = income - consumption.  Marginal propensity to consume = change in consumption/ change in…

Q: roup of answer choices As marginal propensity to consume (b) decreases, the spending multiplier…

A: Change in consumption following change in income is called marginal propensity to consumer.

Q: If the multiplier is 5 , what is the marginal propensity to save (MPS)? 5 0.20 0.80 0.50

A: The value of multiplier is given to be as = 5  We have to calculate the value of marginal propensity…

Q: Average propensity to save is given as 0.5  Income is $900  Calculate the savings

A: # The ratio of Savings to Income is Average propensity to save.

Q: Calculate average propensity to save when it is given that income of household is $715 and the…

A: The information being provided to us is as follows:- Saving expenditure = $100 Income of the…

Q: a) Draw a consumption function and label the axes. b) Suppose that your friend has a consumption…

A: diagrammatically, a consumption function looks like the following,

Q: The value of multiplier is 1.35 Calculate the value of Marginal propensity to save

A: The inverse of Marginal propensity to save gives the value of multiplier.  k = 1/MPS

Q: In the economy of Spendsalot, the marginal propensity to save, MPS, is 0.8. What is the marginal…

A: Marginal propensity to save is the proportion of income saved.

Q: Calculate the value of marginal propensity to save when the change in savings is $350 and the change…

A: # According to the question we need to calculate the value of Marginal propensity to save.  We know…

Q: What is the value of MPC if marginal propensity to save is .1.

A: Given the value of marginal propensity to save = 0.1 Now we have to find the value of MPC.

Q: If the government spends 10 million and the multiplier is 5, then real GDP will increase by: Group…

A: If the government spending = 10 million Multiplier = 5 Then government spending multiplier is…

Q: Calculate the value of Average propensity to save when the savings is $330 and the income is $1000

A: # The average value of the Savings done out of the income is referred to be as the average…

Q: The average propensity to consume refers to the Group of answer choices percentage of income spent…

A: Consumption is the function of income. It is positively related to income.

Q: When Erica’s income changes from $1000 to $1500, her consumption changes from $700 to $1100. Erica’s…

A: The marginal propensity to consume (mpc) is the extra consumer spending arising from an increase in…

Q: Calculate average propensity to save if income level is $2300 and savings is $1200

A: According to the above mentioned question, the values given are:- Savings = $1200 Income expenditure…

Q: Calculate average propensity to save if savings is $350 and income is $390

A: The given information is as follows:- Savings expenditure is $350 Income is $390 We have to…

Q: I'm doing economics homework and I'm being asked to find the multiplier when the MPS is 0.12 and MPC…

A: Given  MPS = 0.12 MPC = 0.88

Q: TOPIC: Consumption and Saving

A: The marginal propensity to consume (MPC) measures the change in consumption resulting from a change…

Q: The marginal propensity to consume is  a)the average amount of income that is consumed or spent…

A: The measure that depicts in an economy the sensitivity of level of income to the changes occurring…