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Homework answers / question archive / The following table is a consumption schedule

The following table is a consumption schedule

Economics

The following table is a consumption schedule. Assume that taxes and transfer payments are zero and that all saving is personal saving.(GDP = DI) C S APC APS 1500 $1540 $_______ 1.027 -.027 1600 1620 _______ 1.013 -.013 1700 1700 _______ _____ _____ 1800 1780 _______ .989 .011 1900 1860 _______ .979 .021 2000 1940 _______ _____ _____ 2100 2020 _______ .962 .038 2200 2100 _______ _____ _____Compute saving at each level of disposable income and the missing average propensities to consume and to save.What is the break-even level of disposable income?What is the MPC, the MPS?What is the value of the multiplier in this example? What does it represent? How can it be used?

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The value of the multiplier represents the change in aggregate income resulting from a one-dollar change in autonomous expenditures.
Multiplier is important in understanding the actual impact on the aggregate income and output of an economy when government spending or tax rate changes.

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