Chapter 12 Understanding Keynesian Economics
Homework Questions

  

1. Begin by putting the appropriate formula in the first row below the unknowns and then calculate S, APC, APS, MPC, and MPS. 
    Draw a graph for APC and APS. (in trillions of dollars)

REAL DPI Consumption Saving (S) APC % APS % MPC % MPS %

3

2.40

 

 

 

 

 

4

 3.12

 

 

 

 

 

5

 3.75

 

 

 

 

 

6

 4.26

 

 

 

 

 

 

2. Calculate multiplier for each change in economic activity given in Question #1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answers to Chapter 12 Homework Questions Table of Contents
Go to Chapter 12 Class Discussion Questions Economics Free Stuff