Question: ext Problem 12-3 Question Help Complete the following table which depicts a hypothetical economy in which the marginal propensity to consume is constant at all
ext Problem 12-3 Question Help Complete the following table which depicts a hypothetical economy in which the marginal propensity to consume is constant at all levels of real GDP and investment spending is autonomous. Equilibrium real GDP is equal to $8,000. There is no government Real GDP Consumption Saving Investment $ 2000 $2,500 -500 $ 1,000 1,000 4000 6000 8000 10000 12000 4,000 5,500 7,000 8,5001500 10,000 1,000 1,000 1,000 1,000 500 1000 2000 This economy's marginal propensity to consume is 0.75 and its marginal propensity to save is 25 At equilibrium real GDP, this economy's average propensity to save is 0.13 (round to the nearest hundredth). if autonomous consumption were to rise by $250, the new equilibrium real GDP would be s oH
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