Fill in the missing blanks in the following table. Assume for simplicity that taxes are zero. Also assume that the values represent billions of dollars. National Income and Real GDP (Y) $8,000 Consumption (C) $4,000 $9,000 $4,500 $10,000 $5,000 $11,000 $5,500 $12,000 $6,000 Saving (S) $ In the above example, the marginal propensity to consume is In the above example, the marginal propensity to save is (Enter your response rounded to two decimal places.) (Enter your response rounded to two decimal places.)
Fill in the missing blanks in the following table. Assume for simplicity that taxes are zero. Also assume that the values represent billions of dollars. National Income and Real GDP (Y) $8,000 Consumption (C) $4,000 $9,000 $4,500 $10,000 $5,000 $11,000 $5,500 $12,000 $6,000 Saving (S) $ In the above example, the marginal propensity to consume is In the above example, the marginal propensity to save is (Enter your response rounded to two decimal places.) (Enter your response rounded to two decimal places.)
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 8E
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