Question list A simple closed economy with no government has autonomous consumption expenditures of $100 K million and a marginal propensity to consume of 0.60. 600- The level of consumption if income is $200 million is $ million. 459line O Question 11 500- The level of consumption when income is $275 billion is $ million. c 400- Question 12 Consumption (millions of dollars) 300- Question 13 200- 100 Question 14 100 200 300 400 500 600 Income (millions of dollars) Question 15 Question list Consider the following table for a household's consumption expenditures and disposable income. K Compute the average and marginal propensity to consume for each level of income and fill in the table. 600- (Enter your responses rounded to two decimal places.) O Question 11 500- Disposable Income Consumption APC MPC 50 $20 400- O Question 12 $100 $280 Consumption ($) 300- $200 $360 $300 Question 13 $440 200- $400 $520 OO $500 $600 100 Question 14 Using the line drawing tool, plot and label the consumption function on the figure to the right. Carefully follow the instructions above, and only draw the required object. 100 200 300 400 500 600 Income ($) Question 15 (Ctrl) *