Assume the following information for an economy:     Natural level of output = $190b     Autonomous consumption = 50     Total investment = 16     Government expenditure = 19     Autonomous taxation = 20     Marginal propensity to consume = 0.6 Based on this information answer the following questions: a)  Calculate the actual equilibrium level of output for this economy.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 15E
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Assume the following information for an economy:

    Natural level of output = $190b

    Autonomous consumption = 50

    Total investment = 16

    Government expenditure = 19

    Autonomous taxation = 20

    Marginal propensity to consume = 0.6

Based on this information answer the following questions:

a)  Calculate the actual equilibrium level of output for this economy.

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