Chapter 12
Understanding Keynesian Economics
Homework Questions
1. Begin by putting the appropriate formula in the first row below the
unknowns and then calculate S, APC, APS, MPC, and MPS.REAL DPI | Consumption | Saving (S) | APC % | APS % | MPC % | MPS % |
3 |
2.40 |
|
|
|
|
|
4 |
3.12 |
|
|
|
|
|
5 |
3.75 |
|
|
|
|
|
6 |
4.26 |
|
|
|
|
|
2. Calculate multiplier for each change in economic activity given in Question #1.
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