Question
This a question I was given on my assignment Complete the following table assuming that (a) MPS= 0.4, (b) there is no government and all
This a question I was given on my assignment
Complete the following table assuming that (a) MPS= 0.4, (b) there is no government and all saving is personal saving (mps = marginal propensity to save).
Hint: mps = S1 - S0 / Y1 - Y0
Table:
Level of output and income: 210, 235, 260, 285, 310
Total consumption: 220
Total saving
How do I solve for the rest of the total consumption and for total saving
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World Economic And Social Survey 2012 In Search Of New Development Finance
Authors: United Nations Department Of Economic And Social Affairs
1st Edition
9210555112, 9789210555111
