Complete the following table..
Dear Student
Regards
Income | Marginal propensity to consume | Consumption= MPC x Income | Saving = Income - Consumption | Average propensity to consume= Saving/ Income |
0 | - | - | -90 | - |
100 | 0.6 | 60 | 40 | 0.4 |
200 | 0.6 | 120 | 80 | 0.4 |
300 | 0.6 | 180 | 120 | 0.4 |
Regards