Business, 28.02.2020 21:59, randallmatthew6124

Suppose that disposable income, consumption, and saving in some country are $400 billion, $350 billion, and $50 billion, respectively. Next, assume that disposable income increases by $40 billion, consumption rises by $28 billion, and saving goes up by $12 billion.
a. What is the economy's MPC?
what is the MPS
b. APC before?
c. APC after?

Answers: 2

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Suppose that disposable income, consumption, and saving in some country are $400 billion, $350 billi...