Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion,

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Suppose That Disposable Income Consumption And Saving In Some Country Are 200 Billion 150 Billion And 50 Billion 1 (16.3 KiB) Viewed 9 times

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. Instructions: In part around your answers to 1 decimal place. In part b, round your answers to 3 decimal places. a. What is the economy's MPC? MPC- What is its MPS? MPS= b. What was the APC before the increase in disposable income? APC before What was the APC after the increase? APC after