Enable text based alternatives for graph display and drawing entry

Try Another Version of These Questions

Question 1

Consider the following infomation in the table below.

Income (Y)Imports (M)
1400560
1540616
1680672
1820728

Given this data, what is Marginal Propensity to Import (MPI)?

 

Hint


Question 2

Suppose that the level of income is $1400 and the tax rate is 0.3 %.

Given this data, what is the level of disposable income?

 

Hint