Economics 121 A&B
Quiz 10
November 15, 1996
Prof. A. D. Becker
Name:___________________________

In the table are actual data for macroeconomic aggregates for the United States in billions of real (1992) dollars.
Year
Income/

Output

(Y/AD)
Consump-

tion

(C)
Invest-

ment

(I)
Govern-

ment

(G)
Net

Taxes

(T)
Govt.

Deficit
Disposable

Income

(Yd)
Savings

(S)
1994
6713
4473
1260
84
1995
6848
4578
1010
1260
1201
59
1069

a) (4 points) Fill in the missing values in the table.

b) (4 points) Based on the information in the table, provide an estimate of the marginal propensity to consume.









c) (4 points) Had taxes not risen (hint), what do you predict national income would have been in 1995?

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