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Question 1

Consider the following infomation in table below.

Income (Y) | Consumption (C) | Savings (S) |
---|---|---|

1600 | 1360 | 240 |

1850 | 1560 | 290 |

2100 | 1760 | 340 |

2350 | 1960 | 390 |

Given this data, what is Marginal Propensity to Consume (MPC)?

0.8

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Question 2

Given this data, what is the level of autonomous consumption?

80

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Question 3

Given this data, what is Marginal Propensity to Save (MPS)?

0.2

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity