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Use the information in the table below to answer questions about the economy of Watis. a. Complete the table assuming that the MPC is constant.
Use the information in the table below to answer questions about the economy of Watis. a. Complete the table assuming that the MPC is constant. Remember to enter a minus () sign to indicate negative values.
Y | C | S |
0 | 50 | |
80 | 100 | |
160 | ||
240 | 40 | |
320 | 70 |
b. The value of the MPC is and the value of the MPS is . When necessary, enter your answers rounded to 2 decimal places. c. What are the equations for the consumption function and the saving function?
C = (Click to select) + - (Click to select) C G S Y S = (Click to select) + - (Click to select) C G S Y
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