Calculate the 2010 and 2011 MPCs for each of the countries.
Answer to relevant QuestionsCalculate the 2010 and 2011 MPCs for each of the countries when national income falls by 1,000. What happens to the level of national income when intended investment is greater than saving? Fill in the missing cells for C, S, and I in the following table, given that autonomous consumption = $100, MPC = 0.50, and intended investment = $150. Indicate whether the economy is in equilibrium. What is the relationship between the full employment level in an economy and the economy's natural rate of unemployment? Fill in the missing cells to raise national income by $100, assuming MPC = 0.80.
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