Question: Consider the simplest macro model with demand-determined output. The equations are: C = 150 + 0.80 YDYD= Y -TI = 400G = 700T = 0.31

Consider the simplest macro model with demand-determined output. The equations are:

C = 150 + 0.80 YDYD= Y -TI = 400G = 700T = 0.31 YX = 130IM =0.25 Y.

The marginal propensity to spend on national income in this model is(rounded to two decimal points) is______

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