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Question 1

Consider the following infomation in table below.

Income (Y)Consumption (C)Savings (S)
16001360240
18501560290
21001760340
23501960390

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

 

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Question 2

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

 

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Question 3

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

 

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