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Income and Expenditure Account

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Question

From the following schedule. compute APC, APS, MPC and MPS.
Income 200 250 300 350 400
Saving - 5 15 20 50

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Solution

Income

200

250

300

350

400

Saving

-

5

15

20

50

Consumption

200

245

285

330

350

APC

1

0.98

0.95

0.94

0.87

APS

0

0.02

0.05

0.057

0.125

MPC

-

0.9

0.8

0.9

0.4

MPS

-

0.1

0.2

0.1

0.6

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Similar questions

Q. Unsolved Practicals :
Calculate APC and APS from the following schedule:

Income (Y)	100	200	500
Consumption (C)	80	120	150

Q. Which of the following can have the value of more than one and less than zero: (i) APC; (ii) APS; (iii) MPC; and (iv) MPS ?

Q. Calculate MPC and MPS from the following schedule:

Income (Y)	100	200	300	400	500
Consumption (C)	85	160	235	310	400

Q. Distinguish between APC and MPC.

Q. The consumption expenditure

E_{c}

of a person with the income x, is given by

E_{c} = 0.0006 x^{2} + 0.003 x

. Find MPC, MPS, APC and APS when the income

x = 200.

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