What was the apc before the increase in disposable income

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Reference no: EM13209741

Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respectively. Next, assume that disposable income increases by $20 billion, consumption rises by $18 billion, and saving goes up by $2 billion. What is the economy's MPC? Its MPS?

Instructions: Round your answers to one decimal place.

MPC =

MPS =

What was the APC before the increase in disposable income? After the increase?

Instructions: Round your answer to two decimal places.

APC before the increase in disposable income =

Instructions: Round your answer to three decimal places.

APC after the increase in disposable income

Reference no: EM13209741

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