assume the united states has the following, Macroeconomics

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assume the united states has the following

Assume the United States has the following consumption information:

GDP = Income Consumption

$4000 $4500

$6000 $6000

$8000 $7500

$10000 $9000

$12000 $10500

Also the economy has G = $1100, I = $404, and X_N = $15. Unemployment in the economy is currently 5.2% and inflation is 0.1%

a. What is the MPC in this economy?

b. What is the multiplier in this economy?

c. What is the equilibrium level of GDP in this economy?

d. What is the equilibrium level of Income in this economy?

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Macroeconomics: assume the united states has the following

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Macroeconomics: assume the united states has the following

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