Real-Time Data Analysis Exercise The following table shows the values for real personal consumption expenditures and rea

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Real Time Data Analysis Exercise The Following Table Shows The Values For Real Personal Consumption Expenditures And Rea 1 (18.44 KiB) Viewed 21 times

Real-Time Data Analysis Exercise The following table shows the values for real personal consumption expenditures and real GDP for the past five years "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis Given this information, calculate the marginal propensity to consume for the years 2019 through 2022 by dividing the change in real personal consumption expenditure by the change in real GDP for each year. (Enter your responses rounded to two decimal places) Year 2018 2019 2020 2021 2022 Real Personal Consumption Expenditures ($ billions) 12,845 13,126 12,630 13,625 0 Real GDP ($ billions) 18,607 19,033 18,385 19,427 0 MPC