Business, 07.04.2020 19:35 Damagingawsomeness2

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 $15 billion, and saving goes up by $5 billion. a. What is the economy’s MPC?What is its MPS?b. What was the APC before the increase in disposable income?What was the APC after the increase?

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

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