Suppose that disposable Income, consumption, and saving in some country are $800 bllion, $700 billion, and $100 billion, respectively. Next, assume that disposable Income increases by $80 billion, consumptlon rises by $72 billion, and saving goes up by $8 billion. a. What is the economy's MPC? Instructlons: Round your answers to 2 decimal places. MPC = What Is its MPS? MPS = b. What was the APC before the Increase in disposable income? Instructions: Round your answer to 2 decimal places. АРC before 3D What was the APC after the increase? Instructions: Round your answer to 3 decimal places. APC after =

Suppose that disposable Income, consumption, and saving in some country are $800 bllion, $700 billion, and $100 billion, respectively. Next, assume that disposable Income increases by $80 billion, consumptlon rises by $72 billion, and saving goes up by $8 billion. a. What is the economy's MPC? Instructlons: Round your answers to 2 decimal places. MPC = What Is its MPS? MPS = b. What was the APC before the Increase in disposable income? Instructions: Round your answer to 2 decimal places. АРC before 3D What was the APC after the increase? Instructions: Round your answer to 3 decimal places. APC after =

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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