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C = 3,600 + (MPC)Y

Question 55

Essay

C = 3,600 + (MPC)Y
I = 1,200
G = 1,400
NX = -200
If the equilibrium level of GDP is $30,000,using the equations for C,I,G,and NX shown above,find the value of the marginal propensity to consume.

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Y = C + I + G + NX. 30,000 = 3...

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