2. Economics
3. use the table below to determine the mpc and mps...

# Question: use the table below to determine the mpc and mps...

###### Question details

Use the table below to determine the MPC and MPS.

 Disposable Income Consumption Saving $1000$1100 -$100 2000 1600 400 3000 2100 900 1. Using the above information, what is the MPC and MPS when the DI is 3000? MPC = MPS = 2. What equation could you use to determine the Multiplier, using MPC and MPS? Multiplier = Multiplier = 3. If there is an initial investment spending of$5,000; what would the total change in GDP be?