Please help - In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C=200+0.80Y. The current level of real GDP is $5000. At this level real GDP consumption will be ______ and savings will be _______. If GDP were to increase by $1000, consumption will increase by _______. At a real GDP level of %5000, the average propensity to consume is _____ and the average propensity to save is ____.

Question

Please help - In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C=200+0.80Y.  The current level of real GDP is $5000.  At this level real GDP consumption will be ______ and savings will be _______.  If GDP were to increase by $1000, consumption will increase by _______.  At a real GDP level of %5000, the average propensity to consume is _____ and the average propensity to save is ____.