Use the consumption function data of a simply economy below to answer the follow

Use the consumption function data of a simply economy below to answer the following questions :
Real Disposable Income Consumption Saving MPC MPS
(in trillion $)
0 1.00 ____ ____ ____
1 1.80 ____ ____ ____
2 2.60 ____ ____ ____
3 3.40 ____ ____ ____
4 4.20 ____ ____ ____
5 5.00 ____ ____ ____
6 5.80 ____ ____ ____
7 6.60 ____ ____ ____
8 7.40 ____ ____ ____
Calculate the saving schedule
Graph the consumption function .
Use the consumption function data of a simply economy below to answer the following questions :
Real Disposable Income Consumption Saving MPC MPS
(in trillion $)
0 1.00 ____ ____ ____
1 1.80 ____ ____ ____
2 2.60 ____ ____ ____
3 3.40 ____ ____ ____
4 4.20 ____ ____ ____
5 5.00 ____ ____ ____
6 5.80 ____ ____ ____
7 6.60 ____ ____ ____
8 7.40 ____ ____ ____
Calculate the saving schedule
Graph the consumption function . Note : the equation for aggregate expenditure
AE / Consumption function as in the chapter is a linear equation C = a + bY
Determine the marginal propensities to consume (MPC) and save (MPS)
Determine the break-even/equilibrium level of real disposable income.
What is the value of saving at the equilibrium level.
What is the relationship between the MPC and the MPS?
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