You Have the Following Information on Personal Consumption Expenditures (C)and

question 34

Essay

You have the following information on personal consumption expenditures (C)and disposable income (Yd):
Year C Yd
1 300 400
2 500 700
a.Compute the marginal propensity to consume.
b.Compute the amount of savings for years 1 and 2.
c.Compute the marginal propensity to save.

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Definitions:

Group Dynamics

The study of the psychological processes involved when individuals in a group interact, including roles, communication, and performance.

Sensitivity Training

A form of training designed to enhance individuals' understanding of their own and others' emotions and perspectives, aiming to improve interpersonal skills and empathy.

Prejudices

Preconceived opinions or judgments about people, groups, or subjects that are not based on reason or actual experience.

Organizational Structures

are systems outlining how activities are directed in order to achieve the goals of an organization, including rules, roles, and responsibilities.