Please give me correct answer and full explanation with calculation otherwise i give downvote Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Suppose you have the following disposable income and consumption data for an economy, as shown in the table below.a. Using this data, compute the value for savings at each level of disposable income.Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign.Consumption and SavingsDisposableIncomeConsumption(dollars)(dollars)$20,000$21,50021,00021,75022,00022,00023,00022,25024,00022,500nces25,00022,75026,00023,00027,00023,25028,00023,500Savings(dollars)$b. The equilibrium level of disposable income, where disposable income equals consumption, is $

Saving is the level of disposable income that is not used for consumption.

Answered: Suppose you have the following…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer and full explanation with calculation otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

Suppose you have the following disposable income and consumption data for an economy, as shown in the table below.
a. Using this data, compute the value for savings at each level of disposable income.
Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign.
Consumption and Savings
Disposable
Income
Consumption
(dollars)
(dollars)
$20,000
$21,500
21,000
21,750
22,000
22,000
23,000
22,250
24,000
22,500
nces
25,000
22,750
26,000
23,000
27,000
23,250
28,000
23,500
Savings
(dollars)
$
b. The equilibrium level of disposable income, where disposable income equals consumption, is $

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