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Please show your calculations for (a) to (d): A) If disposable income is $3,000 and savings $1,200, how much is the average propensity to consume

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Please show your calculations for (a) to (d):

  • A) If disposable income is $3,000 and savings $1,200, how much is the average propensity to consume? 1800
  • b) If disposable income increases from $250 to $300 and saving increases from $40 to $50, how much is the average propensity to save? 0.167
  • C) If your income is $35,000 and the average propensity to save is 0.46, what is consumption?
  • D) If you spend $35,000 and  your income is $60,000, what is your average propensity to save? .58

I already provided the answers for 3 questions (A,B, and D)  but I need the answer to C.  Also I need A-D to be shown the calculations.  Thanks!

Remember: Average Propensity to Consume (APC)/Income; Average Propensity to Save (APS) = Savings/Income; Saving (S) + Consumption (C) = Income.

 
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