Describes a hypothetical economy assume all numbers are in, Ask an Expert

Economics

Given the consumption function, investment, government spending and net exports, find out value of the MPC.

The following information describes a hypothetical economy (assume all numbers are in billion if necessary)

C = 100 + 0.75 DI

Ig = 850

G =950

Xn = -100

Elucidate the value of the MPC of this economy?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M921272

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