Answer please ( thanks) The following table provides data for output (real GDP) and saving.a. Fill in the missing numbers (gray-shaded cells) in the table.**Instructions:** In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.| Level of Output and Income (GDP = DI) | Consumption | Saving | APC | APS ||---------------------------------------|-------------|--------|-----|-----|| 240 | | -16 | | || 260 | | -8 | | || 280 | | 0 | | || 300 | | 8 | | || 320 | | 16 | | || 340 | | 24 | | || 360 | | 32 | | || 380 | | 40 | | || 400 | | 48 | | |**Questions:**1. What is the value of the marginal propensity to consume? - **Instructions:** Round your answer to one decimal place. - [Input Box]2. What is the value of the marginal propensity to save? - [Input Box]b. What is the break-even level of income in the table? - **Instructions:** Enter your answer as a whole number. - Break-even level of income = - [Input Box]

here we calculate the value of MPS and APS by given following information as follow-

The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and Income (GDP - DI) Consumption Saving APC APS $240 S-16 260 -8 280 300 320 16 340 24 360 32 380 40 400 48

The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and Income (GDP - DI) Consumption Saving APC APS $240 S-16 260 -8 280 300 320 16 340 24 360 32 380 40 400 48

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Answer please ( thanks)

The following table provides data for output (real GDP) and saving.

a. Fill in the missing numbers (gray-shaded cells) in the table.

**Instructions:** In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.

| Level of Output and Income (GDP = DI) | Consumption | Saving | APC | APS |
|---------------------------------------|-------------|--------|-----|-----|
| 240 | | -16 | | |
| 260 | | -8 | | |
| 280 | | 0 | | |
| 300 | | 8 | | |
| 320 | | 16 | | |
| 340 | | 24 | | |
| 360 | | 32 | | |
| 380 | | 40 | | |
| 400 | | 48 | | |

**Questions:**

1. What is the value of the marginal propensity to consume?
- **Instructions:** Round your answer to one decimal place.
- [Input Box]

2. What is the value of the marginal propensity to save?
- [Input Box]

b. What is the break-even level of income in the table?
- **Instructions:** Enter your answer as a whole number.
- Break-even level of income =
- [Input Box]

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