I need the answer as soon as possible Use the table below to determine the MPC and MPS.Disposable IncomeConsumptionSaving$1000$1100-$10020001600400300021009001. Using the above information, what is the MPC and MPS when the DI is 3000?MPC =MPS =2. What equation could you use to determine the Multiplier, using MPC and MPS?Multiplier =Multiplier =3. If there is an initial investment spending of $5.000: what would the total change in GDP be?

here we can find the MPC and MPS and the change in income by using the disposable income which are…

Answered: 1. Using the above information, what is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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1. Using the above information, what is the MPC and MPS when the DI is 3000? MPC = MPS = 2. What equation could you use to determine the Multiplier, using MPC and MPS? Multiplier = %3D Multiplier = 3. If there is an initial investment spending of $5.000; what would the total change in GDP be?