1. Given the following income, spending, and savings data, please answer parts a-g below:

Disposable Income (DI) Consumption (C) Savings (S)

$ 0 $ 24000 _________

$ 40000 $ 56000 _________

$ 80000 $ 88000 _________

$120000 $120000 _________

$160000 $152000 _________

a. Solve for savings at each level of disposable income (DI).

b. Solve for the marginal propensity to consume (MPC) and the marginal propensity to save

(MPS) between each disposable income level.

c. Solve for the average propensity to consumer (APC) and the average propensity to save

(APS) at each level of disposable income.

d. State the numerical value for the break-even level of disposable income in this example.

e. State the numerical value for autonomous consumption in this example.

f. Using the data from the table, graph the consumption line.

g. Using the data from the table, graph the savings line.