1. Assuming the level of investment is $16 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. What are the sizes of the MPC and MPS? LO31.3 Possible Levels of Employment, Millions Real Domestic Output

(GDP = DI), Billions Consumption, Billions Saving, Billions 40 45 50 55 60 65 70 75 80

$240 260 280 300 320 340 360 380 400

$244 260 276 292 308 324 340 356 372

$