Economics Homework Help
Georgia Military College Consumption Function & Equilibrium Income Questionnaire
I’m working on a macro economics writing question and need an explanation to help me learn.
Find the equilibrium level of output (Y) for the economy, where the consumption function is given as C=200+0.8Y and the Planned Investment= 50?
How much will $400 in new planned investment change equilibrium income if the marginal propensity to save (MPS) is 0.2?
If income rises from $10,000 to $15,000 and consumption increases from $9,000 to $12,000, then MPC is ____
If MPC is 0.8 and income increases from $10,000 to $11,000, by how much does saving increase?
What is the multiplier if the marginal propensity to consume is 0.2?
Which of the following will NOT cause an increase in the consumption?
If MPC is 0.8 and income increases from $10,000 to $11,000, by how much does consumption increase?
Which of the following will NOT cause an increase in the planned investment?
Because Anna received a raise in pay from $100,000 to 110,000 , her consumption increased from $60,000 to $65,000. What is Anna’s marginal propensity to consume?