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Income Consumption Savings APC APS MPC MPS $10,000 $12,000 20,000 21,000 30,000 30,000 40,000 39,000 50,000 48,000 60,000 57,000 70,000 66,000 Complete the above table
Income Consumption Savings APC APS MPC MPS $10,000 $12,000 20,000 21,000 30,000 30,000 40,000 39,000 50,000 48,000 60,000 57,000 70,000 66,000 Complete the above table and answer the questions based on the completed table. 1. What is the APC at a DI level of $10,000? At $20,000? 2. What happens to the APC as DI rises? It 3. What is the MPC as DI goes from $50,000 to $60,000? -------- From $60,000 to $70,000? 4. What happens to MPC as income rises? What happens to MPS as income rises? 5. What is the conceptual difference between APC and MPC
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