1. When we focus on the private domestic economy, income equals consumption plus (Y=C+S) and aggregate expenditure (AE) equal consumption plus investment (AE= Y= C+ 1). a. This question focuses on consumption and savings. b. Complete the table below C. Graph the consumption schedule d. Graph the savings schedule e. If income were to rise to $10,000 in this model, what would APC, MPC, MPS EQUAL? C Consumption Savings 1600 2500 2800 Income MPC APS MPS t-1600) NIA N/A 1000 2.2 -12 (900) (400) 2000 1.4 3000 3400 0.6 4000 4000 4600 40 0.92 0-08 5000 APS: Average propensity to save S/Y APC: Average propensity consume C/Y NB: Income =Consumption + savings (Y= C+ S) Aggregate expenditure (AE) equals consumption plus investment (AE= C+ 1)