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Use the consumption function shown to answer the following questions. Question list At what level of income is consumption equal to disposable income? $ billion.
Use the consumption function shown to answer the following questions. Question list At what level of income is consumption equal to disposable income? $ billion. 110- 100- C =Yd Q Which of the following statements is true? O Question 5 O A. At an income level of $0 billion there is dissaving equal to $10 billion. O B. Saving equals consumption at an income level of $20 billion O C. Consumption is $40 billion when the income level is $100 billion. Question 6 7C Planned Real Consumption O D. At an income of $100 billion there is dissaving of $40 billion. Question 7 10 Question 8 0 10 20 30 40 50 60 70 80 90 100 110 Real Disposable Income ($ billions) K The greater the value of the marginal propensity to consume Question list O A. the greater the value of the multiplier. Question 7 O B. the greater the value of the marginal propensity to save. O C. the greater the value of autonomous consumption. O Question 8 O D. the smaller the value of the multiplier. The greater the value of the marginal propensity to save Question 9 O A. the greater the value of the marginal propensity to consume. O B. the smaller the value of the multiplier. O C. the greater the value of the multiplier. O Question 10 O D. the greater the value of autonomous consumption
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