what are APC and APS for first and 4th row, thanks The following table provides

Question

what are APC and APS for first and 4th row, thanks

The following table provides data for output (real GDP) and saving a. Fill in the missing numbers (gray shaded cells) in the table. Instructions: In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and consumption Print Saving APC APS Income 480 -16 528 560 592 624 656 688 0.987 640 680 24 32 752 48 0.94 0.06 What is the value of the marginal propensity to consume? What ic the wal ie of the marninal nronensitu to save?

Explanation / Answer

Y C S APC = C/Y APS = S/Y 480 496 -16 1.033 0.033 520 528 -8 1.015 0.015 560 560 0 1 0 600 592 8 0.987 0.0133 640 624 16 0.925 0.025 680 656 24 0.964 0.035 720 668 32 0.927 0.044 760 720 40 0.947 0.052 800 752 48 0.94 0.06

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