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5 Feb 2019
(Answer the following questions based on the given data.)
**Please show work/formulas**
Consumption and Savings Schedule
Complete the following schedule (savings, APC, APS, MPC, & MPS):
DI C S APC APS MPC MPS 240 244 260 260 280 276 300 292 320 308 340 324
Key: DI = Disposable Income, C=Consumption, S=Saving, APC = Average Propensity to Consume, APS=Average Propensity to Save MPC=Marginal Propensity to Consume, MPS=Marginal Propensity to Save
2. What are the 2 main tools the government can use with fiscal policy?
3. What is the goal of expansionary fiscal policy and how is it achieved?
4. What is the current level of total public debt for the United States, and what percent is foreign-owned?
(Answer the following questions based on the given data.) **Please show work/formulas**
|
Key: DI = Disposable Income, C=Consumption, S=Saving, APC = Average Propensity to Consume, APS=Average Propensity to Save | ||||||||||||
MPC=Marginal Propensity to Consume, MPS=Marginal Propensity to Save |
2. | What are the 2 main tools the government can use with fiscal policy? |
3. | What is the goal of expansionary fiscal policy and how is it achieved? |
4. | What is the current level of total public debt for the United States, and what percent is foreign-owned? |
Jamar FerryLv2
8 Feb 2019