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1. Consider the following example. Level of Output and income Consumption Saving APC APS MPC MPS (GDP = DI) $260 $-4 280 0 300 4

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1. Consider the following example. Level of Output and income Consumption Saving APC APS MPC MPS (GDP = DI) $260 $-4 280 0 300 4 320 8 340 12 360 16 380 $ 20 400 24 420 S 28 a. Fill in the missing numbers in the above table. b. What is the value of the marginal propensity to consume? c. What is the value of the marginal propensity to save? d.. What is the break-even level of income in the table? _

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