Plz solution all part 16 and 17 Use figure 2 for questions 15-16Figure 2Consumption(billions of dollars per year)70605040302010Question 16Select one:Oa. 0.67Ob. 0.9Oc. 1.0Od. 0.33NThe MPC in the economy depicted in figure 2 is:Question 1720 40 60 80 100 120Disposable Income(billions of dollars per year)According to figure 2:Select one:Oa. Saving is zero at an income level of $60Ob. Consumption is $20 when income is zeroOc. There is dissavings at income levels above $60Od. There is savings at income levels below $60

According to the figure 2, it is given that : Consumption on Y-axis and Disposable Income on…

Use figure 2 for questions 15-16 Figure 2 Consumption (mak and ungop 9 50 2222 20 10 Question 16 20 40 60 80 100 120 Disposable Income (billions of dollars per year) The MPC in the economy depicted in figure 2 is: Select one: Oa. 0.67 Ob. 0.9 Oc. 1.0 Od. 0.33 Question 17 According to figure 2: Select one: Oa. Saving is zero at an income level of $60 Ob. Consumption is $20 when income is zero Oc. There is dissavings at income levels above $60 Od. There is savings at income levels below $60

Use figure 2 for questions 15-16 Figure 2 Consumption (mak and ungop 9 50 2222 20 10 Question 16 20 40 60 80 100 120 Disposable Income (billions of dollars per year) The MPC in the economy depicted in figure 2 is: Select one: Oa. 0.67 Ob. 0.9 Oc. 1.0 Od. 0.33 Question 17 According to figure 2: Select one: Oa. Saving is zero at an income level of $60 Ob. Consumption is $20 when income is zero Oc. There is dissavings at income levels above $60 Od. There is savings at income levels below $60

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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