What is the marginal propensity to consume implicit in this, Business Economics

+44 141 628 6080
[email protected]

What is the marginal propensity to consume implicit in this

Based on the give table

a) What is the marginal propensity to consume implicit in this data?

b) What is the numberical value of the multipler for this economy?

c) What is the equilibruim level of the real GDP?

d) Suppose that government spending (G) decreased from 1000 to 400 at each level of income. What would happen to the equilibruim level of real GDP?

Y C I G

7000 6600 400 1000

8000 7400 400 1000

9000 8200 400 1000

10000 9000 400 1000

11000 9800 400 1000

12000 10600 400 1000

13000 11400 400 1000

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What is the marginal propensity to consume implicit in this

Reference No:- TGS02186296

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What is a behavioral indicator related to family

Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative

Describe some of your personality traits

Adler believed that your birth order determines, to a large extent, your personality. He stated that your traits reflect, somehow, how you have achieved

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What is the marginal propensity to consume implicit in this

Reference No:- TGS02186296

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Burke now seeks to enjoin the secretary of state from

Q : Discuss the digital disruption that is impacting the

Q : When we use experimental economics in the research list

Q : Dispute over a bicycle remember perception maybe bigger

Q : What is the marginal propensity to consume implicit in this

Q : Readnbspthe case study discussion on pp 88-89 of

Q : Dr north argued that the action should be dismissed because

Q : During recessions the unemployment rate in our economy is

Q : Assume an economy with no government or foreign trade and