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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?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921272

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