Calculate national saving at each level of national income

Reference no: EM131142028

In the economy of Consumerland, national income and consumption are related in this way

calculate national saving at each level of national income. What is the marginal propensity to consume in Consumerland? What is the marginal propensity to save? If national income rose to $2,000, what do you predict consumption and saving would be?

Reference no: EM131142028

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