An increase in net taxes will O increase the household consumption. O increase the saving. O decrease the household consumption. O increase the disposable income.
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- Disposable income Consumption (dollars) expenditure (dollars) 0 100 300 500 700 900 In the above table, savings are positive when disposable income is greater than D zero. $100. $300. 100 180 340 500 660 820 $500.The rise in consumption is by $590 and the rise in income is by $700 Calculate MPCFind the saving when the income is 50 and consumption is 60
- If an increase $ 1000 in investment in an economy results in an increase in income of $40000, calculate MPS in the economy.Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings (tests). Suppose that the co-payment is $5 per screening. What happens to total expenditures in the diabetes screening market if a $5 co-pay is established compared to a market where there is no third-party? $20 Supply $15 $10 Demand 25 50 75 100 Quantity Price %24- If personal income taxes are increased, disposable income and consumption increase. stay the same. decrease. change in an unpredictable direction
- An increase of $250 million investment in an economy resulted in total increase in income of $1000 million. Calculate the value of MPC.Discuss wether all firms in a country will welcome a change in people’s income.What are the effect of taxes on saving and consumption of less income people in low income economies.
- If MPC is 0.9 and increase in investment of dollar 100 million find out increase in national income.Explain the relationship between output and income for both an individual and an entire economy.If in an economy MPC is 0.8 and investment increase by $1000 million, calculate total increase in income.