Referring to this table, calculate the marginal propensity to consume. Type your response Output Consumption Investment Government Export (Income) Spending Spending Spending Spending Spending Import $7,700 $8,000 $8,300 $8,600 $8,900 $5,240 $5,420 $5,600 $5,780 $5,960 $1,300 $1,300 $1,300 $1,300 $1,300 $1,500 $1,500 $1,500 $1,500 $1,500 $1,000 $1,000 $1,000 $1,000 $1,000 $1,100 $1,100 $1,100 $1,100 $1,100

Referring to this table, calculate the marginal propensity to consume. Type your response Output Consumption Investment Government Export (Income) Spending Spending Spending Spending Spending Import $7,700 $8,000 $8,300 $8,600 $8,900 $5,240 $5,420 $5,600 $5,780 $5,960 $1,300 $1,300 $1,300 $1,300 $1,300 $1,500 $1,500 $1,500 $1,500 $1,500 $1,000 $1,000 $1,000 $1,000 $1,000 $1,100 $1,100 $1,100 $1,100 $1,100

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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What is the marginal propensity to consume in this economy? Planned Government Net Exports Aggregate Change in Real GDP (Y) Consumption (C) Investment (1') Purchases (G) (NX) Expenditures (AE) Inventories 1500 1100 250 1600 1175 100 1700 1250 1800 1900 2000 75 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0.65 0.75 0.85 d. 0.95
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