Given the numbers:
GDP Consumption Savings Planned investment
2,800 2,900 -100 200
3,000 3,000 0 200
3,200 3,100 100 200
3,400 3,200 200 200
3,600 3,300 300 200
3,800 3,400 400 200
1. graph the information for consumption(C) and the consumption and investment(C-I) schedule. Show the equilibrium point
2. Graph the saving and investment schedules. Show the equilibrium point. What is the income,savings, and investment at equilibrium?
3. what are the average propensities to consume and save at each level of GDP?
4. Give the above information,what is the marginal propensity to consume?