What is the amount of saving when income equals $900 billion

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Reference no: EM133426221

Disposable Income

Total Consumption

(Billions of dollars per year)

$50

200

210

Using the following information, please answer the following questions

Question 1. What is the MPS?

Question 2. Using information from question 1 above, suppose the autonomous consumption is $50 billion. Write down the consumption function.

Question 3. Draw the consumption function. Show on the graph where savings and dissavings occur.

Question 4. What is the amount of saving when income equals $900 billion?

Reference no: EM133426221

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