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, enter your answers for consumption as a whole number. Round your answers for APC and APS to 3 decimalplaces. Round your answers for MPC and MPS to 1 decimal place. If you are entering any negative numbers be sure to include anegative sign (-) in front of those numbers.Level of Output andIncome (GDP = DI)ConsumptionSavingАРСAPSMPCMPS496-0.033-0.015$480$-161.033520528-81.0155605601.0000.0005926246000.9870.013640160.9750.025680656240.9650.035720688320.9560.044760720400.9470.053800752480.9400.060 Instructions: Enter your answer as a whole number.b. What is the break-even level of income in the table?$What is the term that economists use for the saving situation shown at the $480 level of income?(Click to select)vc. For each of the following items, indicate whether the value in the table is either constant or variable as income changes:The MPS: (Click to select)♥The APC: (Click to select)♥The MPC: (Click to select)♥The APS: (Click to select)v

The given table, a) We know, GDP = C+S C = GDP-S So, At GDP = $480, S = -16, C= 480- (-16) C = 496 We know, APC = C/GDP APS = S/GDP At GDP = $480, APC = 496/480 = 1.033 APS = -16/480= 0.033 We know, MPC = Change in C/ Change in GDP =ΔC/ΔGDP MPS = Change in S/ Change in GDP =ΔS/ΔGDP or 1-MPC Every time when the GDP increases by $40, the consumption (C) increases by $32, so ΔGDP = 40, ΔC = 32 MPC = 528-496/ 520-480 = 32/40 = 0.8 MPS = 1-0.8 = 0.2 b) The breakeven level of income is that level where the GDP is equal to consumption and saving equal to zero. Breakeven = GDP = C and S= 0 So, at $560 level of the GDP, C= GDP = 560 and S = 0. At $480 level of income, saving = -16 When saving is negative and consumption becomes greater than income (496>480), the economist uses the term for this saving situation is dissaving. c) The MPS and MPC remain constant at each level of income. The APS and APC are variable. The APC decreases as income rises and APS increases as income rises.