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1. A hypothetical economy's conimption schedule is given in the table below. Use the information to answer the following: a. If disposable income were $7400,
1. A hypothetical economy's conimption schedule is given in the table below. Use the information to answer the following: a. If disposable income were $7400, how much would be saved? b. What is the "break-even" level of disposable income? c. What is this economy's marginal propensity to consume? d. What is the average propensity to consume when disposable income is $7000 ? When disposable income is $8000 ? e. What is the marginal propensity to consume? f. Given the calculated MPC, if investment in the economy increased by $2000, by how much will GDP increase
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