Calculating the marginal propensity to Consume(MPC) and the Marginal propensity to Save(MPS). Book: Exploring macroeconomic 8th edition by Robert L. Sexton

Table. 1 Disposable Income Consumption Saving MPC MPS $40,000 $40,000 $0 50,000 49,000 1,000 60,000 48,000 2,000 70,000 57,000 3,000 80,000 66,000 4,000 90,000 55,000 5,000 1. complete Table 1 by calculating the marginal propensity to consume (MPC) and the marginal propensity to save (MPS)- Pages 420 421 2. List and explain the autonomous factors that can influence spending? pages (418 - 419) 3. Using the Aggregate expenditure model, explain (a) the conditions needed for an equilibrium, (b) what happens in a disequilibrium. (pages 422 and 423)