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The marginal propensity to consume plus the marginal propensity to save equals
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- The marginal propensity to consume is a)the average amount of income that is consumed or spent b)the ratio of consumption to income c)the ratio of the change in consumption to a change in income d)the ratio of income to consumptionThe marginal propensity to consume is Select one: a. never bigger than 1 b. equal to disposable income divided by consumption c. always equal to the marginal propensity to save d. normally assumed to increase as disposable income increases e. all of the aboveIf the personal disposable income is $1300 and consumption expenditure is $290 Find the Average Propensity to Save.
- Aina receives a tax refund of P800. He spends P600 and saves P200. Aina's marginal propensity to consume is: a. 0.6 b. 0.75 c. 0.25 d. 0.20Using this Intertemporal Budget Constraint how can you solve for C2 (consumption in period 2)Find change in consumption if MPC is 0.92 and the change in income is $2200
- The MPC is 0.41 If change in consumption is $650 find the change in incomeFor a given household, the value of change in consumption is $2500 and the change in income is $6200 What would be the value of Marginal propensity to ConsumeCalculate the value of Consumption when average propensity to consume is 0.7 and the income is 700 (b) Can the value of APC greater than 1
- The government raises taxes by Rs. 100 billion. If the marginal propensity to consumeis 0.6, what happens to the following – do they rise or fall? By what amounts? a) Public Savingb) Private Savingc) National SavingWhat is the 'mpc' ? a) 1/3 b) 1/2 c) 2/3 d) 4 e) 3/4If you make $800 from a lucrative side business selling snack food in dorms, how much would you save if your marginal propensity to consume is 0.75? (do not include the dollar sign in your answer).