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Question 1

Consider the following infomation in table below.

Income (Y)Consumption (C)Savings (S)
14001210190
17001450250
20001690310
23001930370

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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