If Evan's income is reduced to zero after he loses his job, his consumption will be ________ and his saving will be ________. a.greater than zero; less than zero b.greater than zero; greater than zero c.less than zero; greater than zero d.less than zero; less than zero
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If Evan's income is reduced to zero after he loses his job, his consumption will be ________ and his saving will be ________.
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- If Michelle's income is reduced to zero after she loses her job, her consumption will be and her saving will be O greater than zero; greater than zero O less than zero; greater than zero O greater than zero; less than zero O less than zero; less than zeroQuèstion 4 "As disposable income increases, consumption:" O And saving both increase. O Decreases and saving increases. O And saving both decrease. O Increases and saving decreases.The following table shows data for the economy before the decrease in saving. Suppose that the decrease in saving causes consumption to rise from $280 million to $320 million. Assume Say's law holds in this economy. Fill in the data for the economy after the decrease in saving. Before Saving Decrease After Saving Decrease Consumption (C) $280 million $320 million Investment (I) $200 million $ million Government Purchases (G) $250 million $ million Exports (EX) $500 million $500 million Imports (IM) $300 million $300 million As a result of the decrease in saving, total expenditures will .
- 6. The marginal propensity to consume is: A) the change in consumption divided by the change in income. B) consumption divided by income. C) the change in consumption divided by the change in saving. D) The change in saving divided by the change in income.1. The positive relationship between consumption expenditure and disposable income can be shown by a positive slope of consumption curve. Answer: Reason: O Accessibility: Investigate hpIf Samantha's income is reduced to zero after she loses her job, her consumption will be ________ and her saving will be ________. Group of answer choices greater than zero; less than zero less than zero; less than zero greater than zero; greater than zero less than zero; greater than zero
- point(s) possible The table has data from the nation of Atlantica. Disposable income (trillions of 2012 dollars) Consumption expenditure (trillions of 2012 dollars) 0.0 1.5 2.0 3.0 4.0 4.5 6.0 6.0 8.0 7.5 Based on these data, when disposable income equals $8.0 trillion, there is O A. saving of $0.5 trillion. B. dissaving of $15.5 trillion. O C. dissaving of $7.5 trillion. O D. saving of $15.5 trillion. O E. dissaving of $0.5 trillion.(12) When the consumption function lies above the 45-degree line, households (a) spend on consumption a decreasing percentage of any increase in income. (b) save all of any increase in income. (c) are dissaving. (d) spend on consumption an increasing percentage of any increase in income.1. The marginal propensity to consume is:A) the change in consumption divided by the change in income.B) consumption divided by income.C) the change in consumption divided by the change in saving.D) The change in saving divided by the change in income.
- A Moving to another question will save this response. Question 12 Assume the following consumption schedule: C= 20 + 0.9 Y, where C is consumption and Yis disposable income. At $1,100 level of disposable income: (show your calculations) a. Find out the level of saving and consumption? b. How much are the APC and APS (to one decimal place)? ( c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decimal places)? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A V 血 x² X2 深| T [区 田田 田E图|言()7. The marginal propensity to save is 0.15, the marginal propensity to consume: (A) is 1.15. (B) is 0.85. (C) is 0.15. (D) cannot be determined by the given information.6. Use the following data to work Problems (a), (b), and (c). You are given the information in the table about the economy of Australia. Disposable income Saving (billions of dollars per year) -5 100 20 200 45 300 70 400 95 a. Calculate the marginal propensity to save. b. Calculate consumption at each level of disposable income. c. Calculate the marginal propensity to consume.