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5 May 2018

Suppose the marginal propensity to consume is 60% and the marginal propensity to save is 40%. Income is $2,000, taxes are $220, and government spending is $300. Find a numerical value for:

Consumption:
Investment:
Private saving:
National saving:
Government saving

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Casey Durgan
Casey DurganLv2
5 May 2018

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