Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500.Answer the questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage: The increase in savings resulting directly from this change in income is The marginal propensity to save (MPS) is The marginal propensity to consume (MPC) is Income and consumption changes for five people are shown in the table. Given this information, rank the marginal propensities to consume (MPC) for the five people from largest to smallest. Largest MPC Name Income change Consumption change Andrew +$20,000 +$12,000 +$3,200 Bill +s10,000 Chuck +$4,000 +$3,200 -$7,000 Doug -$10,000 -$8,000 Ernest -$20,000
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Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500.Answer t...
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