The equilibrium real GDP is $13.00 trillion and full - employment equilibrium (FE) is $16.00 trillion. The marginal propensity to save is 0.30. Answer the
The equilibrium real GDP is $13.00 trillion and full - employment equilibrium (FE) is $16.00 trillion. The marginal propensity to save is 0.30. Answer the questions using the data in the following graph. a. Calculate the marginal propensity to consume. FE MPC = (Enter your response rounded to two decimal places.) E C+(+G+X Total Spending Spending = Real GDP 450 line 10 12 14 16 18 20 Real GDP per Year ($ trillions)
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