Multiple Choice
Equations for C,I,G,and NX are given below.If the equilibrium level of GDP is $21,500,what is the value of the marginal propensity to consume? C = 1,500 + (MPC) Y
I = 1,000
G = 2,000
NX = -200
A) 0.67
B) 0.75
C) 0.8
D) 0.9
Correct Answer:
Verified
Correct Answer:
Verified
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