GDP/Equilibrium and MPC
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GDP/Equilibrium and MPC questions:
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C = 250 Billion +. 80GDP
Please use equation above for following questions:
1. If the planned investment is $200 billion, the equilibrium level of GDP is:
2. If the equilibrium is $2000 billion, autonomous investment is:
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C = $100 + .80 (GDP); I = $20
Please use equation above to answer questions below.
3. Private sector equilibrium occurs at GDP of:
4. The equation for private sector equilibrium can be expressed as:
5. What is the value of the marginal propensity to consume?
6. What is the value of the multiplier
7. If planned investment increases by $10, by how much will equilibrium GDP increase?
8. The new equilibrium GDP after the $10 increase in investment is:
9. Assume government decided to spend $30. Equilibrium GDP at investment of $30 and government spending of $30 is:
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Solution Summary
What is the value of the marginal propensity to consume?
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