Problem 10-02 (Algo) Based on the following data (in billions of dollars). GDP Disposable income Consumption Instruction
Posted: Sun Jul 03, 2022 1:02 pm
Problem 10-02 (Algo) Based on the following data (in billions of dollars). GDP Disposable income Consumption Instructions: Round your responses to two decimal places. Calculate a. the MPC (2018-2019). 0.83 2016 2017 2018 2019 18,715 19,519 20,580 21,340 14,165 14.833 15,741 16,356 12,749 13,312 13.999 14,511 b. the APC in 2019. 0.89 c. the share of output devoted to consumer goods in 2019.