Question

income-0,100,200,300,400 consumption-50,125,200,275,350 calculate APC,APS,MPC and MPS​

Answer 1

Answer:

GIVEN,

Income (Y)= 0,100,200,300,400

Consumption(C)= 50,125,200,275,350

Explanation:

Saving = Income (Y)- consumption(C)

Average propensity to consume (APC) = Consumption /Income

Average propensity to  save (APS) = 1-APC

Marginal propensity to consume (MPC) =Change in consumption/Change in income

Marginal propensity to save (MPS) = 1- MPC