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Table: Disposable Income and Consumption Spending Disposable Consumption Income Spending 100 100 150 200 200 300 250 400 300 500 350 600 400 700 450
Table: Disposable Income and Consumption Spending Disposable Consumption Income Spending 100 100 150 200 200 300 250 400 300 500 350 600 400 700 450 Using the accompanying table: a. Identify autonomous consumption. b. Calculate the marginal propensity to consume (MPC). Use this MPC to estimate Consumption Spending it income rises to 900
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