Question

Table 9.3 All Numbers are in $ Million

Output	Net Planned	Planned	Planned	Planned	Planned Government	Total Planned
(Income)	Taxes	Consumption	Savings	Investment	Spending	Expenditures
1000	200	680	120	200	200	1080
1100	200	760	140	200	200	1160
1200	200	840	160	200	200	1240
1300	200	920	180	200	200	1320
1400	200	1000	200	200	200	1400
1500	200	1080	220	200	200	1480
1600	200	1160	240	200	200	1560

12. Refer to Table 9.3. The MPC in this economy is ______ and the MPS is ______.
a. 0.5; .5
b. 0.7; .5
c. 0.9; .1
d. 0.8; .2

Answer 1