Question 1 a and d（with formula） STRUCTURED QUESTIONS1.Given the following table.Income (RM million)Consumption (RMmillion100100150200200300250400300500350a. How much is the autonomous consumption in the economy?b. How much investment should be increased to achieve an income of RM400 million?C. Calculate the MPSd. Derive the consumption function2.Given the following information,C=500 + 0.7YdT=02Y13D400G-100РОСОSHOT ON POCO F2 PROe the national income equilibrium.b. Based on your answer in (a), draw the aggregate expenditure graph.300 what would happen to the national income

The provided table is: Income (RM million) Consumption (RM million) 0 100 100 150 200 200…

1. Given the following table. Income (RM million) Consumption (RM million 100 100 150 200 200 300 250 400 300 500 350 a. How much is the autonomous consumption in the economy? b. How much investment should be increased to achieve an income of RM400 mi c. Calculate the MPS. d. Derive the consumption function.

1. Given the following table. Income (RM million) Consumption (RM million 100 100 150 200 200 300 250 400 300 500 350 a. How much is the autonomous consumption in the economy? b. How much investment should be increased to achieve an income of RM400 mi c. Calculate the MPS. d. Derive the consumption function.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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1. Given the following table. Income (RM million) Consumption (RM million 0. 100 100 150 200 200 300 250 400 300 500 350 a. How much is the autonomous consumption in the economy? b. How much investment should be increased to achieve an income of RM400 million? c. Calculate the MPS. d. Derive the consumption function.
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1. Given the following table. Income (RM million) Consumption (RM million 100 100 150 200 200 300 250 400 300 500 350 а. How much is the autonomous consumption in the economy? b. How much investment should be increased to achieve an income of RM400 million? c. Calculate the MPS. d. Derive the consumption function.
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