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2. Use the following Consumption function data below to answer the questions (provide numerical values for the questions) below: Real Disposable Income Consumption Saving MPC
2. Use the following Consumption function data below to answer the questions (provide numerical values for the questions) below: Real Disposable Income Consumption Saving MPC MPS $100 $180 $200 $240 $300 $300 $400 $360 $500 $420 A. What is Saving if Real Disposable Income = $400. What is Saving if Yd = 500? B. What is the marginal propensity to consume (MPC) in this example (what is its numerical value?) ? C. What is the marginal propensity to save (MPS) in this example? D. What is the break-even income (level of income at which Saving = 0) in this example? E. What is the general mathematical relation between the MPC and the MPS
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