An open-economy is characterized by the following: C = 750+ 0.8 (Y-T) $$1-1500$$ G = 250 1. 2. T = 200 X = 800 M = 0.4Y Solve for the following (provide solutions where applicable, and encircle/box/highlight your final answers): The Marginal Propensity to Consume (MPC) The Marginal Propensity to Import (MPM)

An open-economy is characterized by the following: C = 750+ 0.8 (Y-T) $$1-1500$$ G = 250 1. 2. T = 200 X = 800 M = 0.4Y Solve for the following (provide solutions where applicable, and encircle/box/highlight your final answers): The Marginal Propensity to Consume (MPC) The Marginal Propensity to Import (MPM)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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