Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

please answer 4. Suppose the following information describes a simple economy. Figures are in billion of dollars. Disposable income Consumption Investment 0 200 30 100

image text in transcribed

please answer

image text in transcribed
4. Suppose the following information describes a simple economy. Figures are in billion of dollars. Disposable income Consumption Investment 0 200 30 100 280 30 200 360 30 300 420 30 a) What is the amount of autonomous consumption? (1 mark) b) Calculate the marginal propensity of saving (MPS). (1 mark) c) Compute the value of multiplier. (2 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Management Managing Across Borders And Cultures Text And Cases

Authors: Helen Deresky

8th Edition

0133062120, 978-0133062120

Students also viewed these Economics questions

Question

Find the Z transform of the function: f(n)=9 n+3^(-n) sinn

Answered: 1 week ago