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Assuming the level of investment is $12 billion and independent of the level of total output, complete the following table and determine the equilibrium levels

Assuming the level of investment is $12 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. Instructions: In the table below, enter your answers in the gray shaded cells as whole numbers.

Possible Levels of Employment, Millions Real Domestic Output, Billions Consumption, Billions Saving, Billions
40 240 244 -4
45 260 260 0
50 280 276 4
55 300 292 8
60 320 308 12
65 340 324 16
70 360 340 20
75 380 356 24
80 400 372 28

a. Equilibrium GDP = $ billion. Equilibrium level of employment = million. b. What are the sizes of the MPC and MPS? Instructions: Round your answers to 1 decimal place. MPC = . MPS = .

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