)Which of the following changes will shift the consumption function upward? Part 2 A. an increase in wealth B. a decrease in wealth C. a decrease real disposable income D. an increase in real disposable income.
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Q)Which of the following changes will shift the consumption function upward? Part 2 A. an increase in wealth B. a decrease in wealth C. a decrease real disposable income D. an increase in real disposable income.
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- 3 QUESTION 2 Explain what the consumption function shows, and describe what is held constant along the consumption function.3. Consumption function and non-income determinants The following graphs show an economy's initial position at point A along its consumption function (C). Suppose disposable income increases. On the graph, shift either the consumption curve or the initial point on the consumption function to show the impact of an increase in disposable income. (Note: In the scenario where the curve shifts, only shift the curve and do not adjust the position of the point.) ? REAL CONSUMPTION (Billions of dollars) C REAL DISPOSABLE INCOME (Billions of dollars) Now suppose that rising home values increase households' net wealth. C O A On the following graph, shift either the consumption curve or the initial point on the consumption function to show the impact of an increase in households' net wealth. (Note: In the scenario where the curve shifts, only shift the curve and do not adjust the position of the point.)Q-1 The following table shows income and consumption: Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C-Marginal propensity to save (MPS), D- Average propensity to consume (APC) E- Average propensity to save (APS).
- Q-1 The following table shows income and consumption: Calculate: A- Saving (S), B- Marginal propensity to consume (MPC), C-Marginal propensity to save (MPS), D- Average propensity to consume (APC) E- Average propensity to save (APS). Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million Not in labour force =730 million Number of Labour force =2500 million Q-3 Discuss how to control or reduce the Inflation and Unemployment.An increase in expected future income________. Select one: A. decreases consumption expenditure B. increases saving C. shifts the consumption function upward D. shifts the saving function upward1. The positive relationship between consumption expenditure and disposable income can be shown by a positive slope of consumption curve. Answer: Reason: O Accessibility: Investigate hp
- Which of the following statements is most accurate? a.Most of the variation in consumption spending can be explained by changes in debt b. There is no single factor that explains much of the variation in consumption spending c. Most of the variation in consumption spending can be explained by changes in the interest rate. d. Most of the variation in consumption spending can be explained by changes in wealth e. most of the variation in consumption spending can be explained by changes in disposable income.Disposable income is the amount a household has A after subtracting autonomous spending. B after subtracting taxes and transfer payments to income. C sometimes called discretionary spending. D available for consumption spending and saving.3. Political turbulences and the pandemic affected Hong-Kong's consumer confidence significantly in 2020. Now, that the pandemic is under control in Hong Kong, marginal propensity to consume has increased from 0.5 to 0.7. a. Use the consumption model to assess the effects of an increase in marginal propensity to consume (MPC) on overall consumption. Use the model (math) and the graphs. Explain. b. How it will affect overall aggregate demand and income?
- 1. The marginal propensity to consume is:A) the change in consumption divided by the change in income.B) consumption divided by income.C) the change in consumption divided by the change in saving.D) The change in saving divided by the change in income.The Average Propensity to Consume is: A. the percentage of disposable income that is consumed B. the percentage of disposable income that is saved C. the percentage of disposable income that is spent D. the percentage of disposable income that is invested1. Use the following table with information on the consumption behavior of the people of Gotham to answer the following questions: Disposable Income Consumption $300 $440 $0 $200 a. What is the value of 'a' or autonomous consumption in this economy? b. What is the value of 'b’ or the Marginal Propensity to Consume (MPC) in this economy? Interpret the meaning of this MPC value in one sentence.