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28 Sep 2019
1. Assume the following values of an economy.
Planned Investment (Ip)= $20
Autonomous Consumption (C )= $30
Marginal Propensity to consume (MPC)= .9
a. What is the equilibrium income?
b. What is the value of saving at equilibrium?
c. Does the saving and Investment Identity hold true at equilibrium income OR GDP?
1. Assume the following values of an economy.
Planned Investment (Ip)= $20
Autonomous Consumption (C )= $30
Marginal Propensity to consume (MPC)= .9
a. What is the equilibrium income?
b. What is the value of saving at equilibrium?
c. Does the saving and Investment Identity hold true at equilibrium income OR GDP?
1
answer
0
watching
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Paramjeet ChawlaLv8
28 Sep 2019