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Question 1

Consider the following infomation in the table below.

Income (Y) | Imports (M) |
---|---|

1400 | 560 |

1540 | 616 |

1680 | 672 |

1820 | 728 |

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

0.4

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

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?

980

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