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- From the graph , calculate the MPS for the saving function.find the budget expenditure when the plan expenditure is $86222 and the non plan expenditure is $53910Aggregate saving (in billions SA 25 0 -100 -200 S 400 800 900 Y Aggregate income (in billions) d) From the graph above, calculate the MPS for the saving function.
- Q.3.4 Year (Base year) 2018 2019 2020 2021 Cost of a basket (R) of consumer goods/services Explain, with the aid of an equation, the components of the consumption function. 1850 2190 2380 2560If consumption and savings are $300 and $150 respectively Calculate income of household(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.
- If the revenue expenditure are $4023 and the Capital expenditure are $721 find the budget expenditureHouseholds' consumption function is: C=100+0.7Y Households are more pessimistic about the future and they decide to reduce their consumption by 10 units. What is the intercept of the consumption function now? Type your numeric answer and submitCalculate Mr William's Income, Existing Investible assets and expenditure from the information above.