Use the following to answer questions 31-32.Table: Disposable Income and Consumption31. (Table: Disposable Income and Consumption) Referring to the table provided, the autonomous consumer spending is:
32. (Table: Disposable Income and Consumption) Use the information in the table, the MPCis equal to:A) .80.B) 2.C) 1.20D) .60.
33. Consider a simple economy: MPC= 0.75, income =$400 billion and aggregate consumption spending= $400 billion. The autonomous consumption is:
Use the following to answer questions 34-38.Use this scenario to answer questions 155–163.Scenario: Income-Expenditure EquilibriumGDP is $8,000, autonomous consumption is $500, and planned investment spending is $200. The marginal propensity to consume is 0.8. There are not taxes, transfers or government spending in this scenario.Page 13