Check n Savings and Income Exercise 2 Suppose you have the following disposable

Question

Check n Savings and Income Exercise 2 Suppose you have the following disposable income and consumption data for an economy, as shown in bie table b a. Using this data, compute the value for savings at each level of disposable income. Instructions: Include a negative sign () when necessary Disposable Income (dollars) Consumption (dollars) Savings dollars) 22,500 22,000 23,000 25,000 26,000 27,000 28,000 24,000 24,500 25,000 25,500 26,000 500 b. Usina the information in the table, plot the points on a araph and use them to draw the savinas schedule for this K Prev 7 of 30lE Next>

Explanation / Answer

c. $24,000.

d.Slope of saving line = Change in saving / change in disposable income

Slope = (-20,000 - (-15,000) / (20,000 - 21,000 = -5000/ -1,000

Slope of saving schedule = 5.

e. Options not given.

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