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Question 1

Consider the following infomation in table below.

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

1400 | 760 | 640 |

1550 | 835 | 715 |

1700 | 910 | 790 |

1850 | 985 | 865 |

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

0.5

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?

60

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)?

0.5

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