Question

Complete the following tables:

Income	Consumption	Marginal Propensity to Save	Average Propensity to Consume
0	15	-	-
50	50	-	-
100	85	-	-
150	120	-	-

Answer 1

Income	Consumption	Savings	Marginal Propensity to Save	Average Propensity to Consume
0	15	-15	-	-
50	50	0	0.3	1
100	85	15	0.3	0.85
150	120	30	0.3	0.8