The table shows the salary of a lecturer in Nairobi, Kenya.
$$\begin{array} { | c | c | c | }
\hline \text { YEAR } & \begin{array} { c }
\text { REAL } \
\text { INCOME } \
\text { (in Kenya shillings) }
\end{array} & \begin{array} { c }
\text { REAL } \
\text { CONSUMPTION } \
\text { (in Kenya shillings) }
\end{array} \
\hline 2017 & 139,000 & 132,050 \
\hline 2018 & 143,000 & 135,850 \
\hline 2019 & 144,500 & 137,275 \
\hline
\end{array}$$
(a) For each year, calculate saving at each level of income.
(b) Calculate the marginal propensity to consume.

Question

The table shows the salary of a lecturer in Nairobi, Kenya.
 $$\begin{array} { | c | c | c | } 
\hline \text { YEAR } & \begin{array} { c } 
\text { REAL } \
\text { INCOME } \
\text { (in Kenya shillings) }
\end{array} & \begin{array} { c } 
\text { REAL } \
\text { CONSUMPTION } \
\text { (in Kenya shillings) }
\end{array} \
\hline 2017 & 139,000 & 132,050 \
\hline 2018 & 143,000 & 135,850 \
\hline 2019 & 144,500 & 137,275 \
\hline
\end{array}$$ ​
(a) For each year, calculate saving at each level of income.
(b) Calculate the marginal propensity to consume.

Quizplus · Accepted Answer

The Answer of The table shows the salary of a lecturer in Nairobi, Kenya.
 $$\begin{array} { | c | c | c | } 
\hline \text { YEAR } & \begin{array} { c } 
\text { REAL } \
\text { INCOME } \
\text { (in Kenya shillings) }
\end{array} & \begin{array} { c } 
\text { REAL } \
\text { CONSUMPTION } \
\text { (in Kenya shillings) }
\end{array} \
\hline 2017 & 139,000 & 132,050 \
\hline 2018 & 143,000 & 135,850 \
\hline 2019 & 144,500 & 137,275 \
\hline
\end{array}$$ ​
(a) For each year, calculate saving at each level of income.
(b) Calculate the marginal propensity to consume.

The Table Shows the Salary of a Lecturer in Nairobi