Use the information in the following table to do exercises 8-15: Y C G $100 $120 $20 $30 $10 $300 $300 $20 $30 --$10 $500 $480 $20 $30 -$30 $700 $660 $20 $30 - $50 8. What is the MPC? 9. What is the MPI? 10 What is the MDS?

Use the information in the following table to do exercises 8-15: Y C G $100 $120 $20 $30 $10 $300 $300 $20 $30 --$10 $500 $480 $20 $30 -$30 $700 $660 $20 $30 - $50 8. What is the MPC? 9. What is the MPI? 10 What is the MDS?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

12, thank you

Use the information in the following table to do
exercises 8-15:
Y
G
$100
$120
$20
$30
$10
$300
$300
$20
$30
-$10
$500
$480
$20
$30
-$30
$700
$660
$20
$30
-$50
8. What is the MPC?
9. What is the MPI?
10. What is the MPS?
11. What is the multiplier?
12. What is the equilibrium level of real GDP?

Expert Solution

Question 8.

MPC = Change in C / Change in Y = (300 - 120) / (300 - 100) = 180/200 = 0.90

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