Assuming the level of investments is $16 billion and independent of the level of total output,complete the following table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS? Possible Levels of Employment, Million Real Domestic Output (GDP=DI), Billions Consumption, Billions Saving, Billions 40 $240 $244 $ 45 $260 $260   50 $280 $276   55 $300 $292   60 $320 $308   65 $340 $324   70 $360 $340   75 $380 $356   80 $400 $372

ENGR.ECONOMIC ANALYSIS
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Assuming the level of investments is $16 billion and independent of the level of total output,complete the following table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS?

Possible Levels of Employment, Million

Real Domestic Output

(GDP=DI), Billions

Consumption, Billions

Saving, Billions

40

$240

$244

$

45

$260

$260

 

50

$280

$276

 

55

$300

$292

 

60

$320

$308

 

65

$340

$324

 

70

$360

$340

 

75

$380

$356

 

80

$400

$372

 

 

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