ECON 201 GCU Economics Worksheet

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Econ 201
Assignment 4
This assignment is based on chapters 30 and 31. The homework is worth 5 points
Match the following concepts and the definitions. One concept shares more than one definition.
1) The increase in personal consumption caused by an increase in disposable income by $1
2) The increase in personal saving caused by an increase in disposable income by $1
3) Decreases as disposable income increases
4) Increases as disposable income increases
5) As disposable income increases, it does not change
6) 1
PC
7) 1 PC
8) 1
PS
9) 1 PS
10) Aggregate demand is equal to aggregate expenditures
MPS, APC, MPC, APS, Equilibrium
Fill in the following table
Disposable income (DI)
C
S
APC
APS
MPC
MPS
100
90
__
__
__
__
___
140
___
20
__
__
___
___
180
150
___
___
__
___
____
220
___
40
___
___
____
___
Use the table to find the multiplier
Equation you need
MPC = Change in consumption ,
Change in disposable income
APS = Saving/DI
Multiplier =
MPS = Change in saving,
Change in DI
1/1-MPC or 1/MPS
APC = Consumption/DI

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