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The levels of real disposable income and consumption for an economy are given in the following table.
Real Disposable IncomeConsumption (C)(Trillions of dollars per year)(Trillions of dollars per year)0313.2523.533.754454.2564.574.7585
Use the blue points (circle symbol) on the following graph to plot the consumption line for this economy. Line segments will automatically connect the points. Then use the black point (plus symbol) to indicate the break-even level of income and consumption. The black line on the graph represents the 45-degree line, where consumption is equal to real disposable income.
Break-Even Consumption Level
Real Disposable Income (Trillions)
C = Y
The level of autonomous consumption in this table istrillion.
The value of the marginal propensity to consume (MPC) in this table is, and the value of the marginal propensity to save (MPS) is.
At a real disposable income level of $2 trillion, the economy is trillion. (Hint: The number you enter here should be positive.)
At a real disposable income level of $7 trillion, the economy is trillion. (Hint: The number you enter here should be positive.)
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