Answered: Calculate the marginal propensity to…

Calculate the marginal propensity to consume The marginal propensity to consume is >>> Answer to 1 decimal place In equilibrium, autonomous expenditure is 5 and induced expenditure in 5

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 2TY

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Question

100%

The spreadsheet lists the components of aggregate planned expenditure at different levels of real
GDP in billions of dollars
Calculate the marginal propensity to consume
The marginal propensity to consume is
>>>Answer to 1 decimal place
In equilibrium, autonomous expenditure is 5 and induced expenditure is
A
B
с
D
E
Y
0
100
200 190 50
C
30 50
-1818181RISIRIS
SAME
300 270 50
350 50
400
F 500 430 50
G 600 510 50
G
00 35
35
60 35
110 50 60
THE
▬▬▬▬▬
818181812
plaalala
B
X M
0
15
30
60
60 35 45
60
75
55555
35
60 35
calc
--
M
60 35
S
90

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