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Economics

Consider the table below when answering the following questions. For hypothetical economy, the marginal propensity to save is constant at all levels of real GDP, and investment spending in autonomous. There is no government (see pages 270-276).

A. Complete the table. What is the marginal propensity to save? What is the marginal propensity to consume?

Real GDP - 2,000, 4,000, 6,000, 8,000, 10,000, 12,000

Consumpution - 2,200, 4,000

Investment - 400

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91951449

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