Determine what are the sizes of the mpc and mps

Assignment Help Econometrics

Reference no: EM13232311

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?

Possible Levels Real Domestic Output Consumption Savings
of Employment (Billions) (Billions) (Billions)
(Millions)
40 240 244
45 260 260
50 280 276
55 300 292
60 320 308
65 340 324
70 360 340
75 380 356
80 400 372

Equilibrium GDP= billion
Equilibrium level of employment = million
MPC=
MPS=

Reference no: EM13232311

Questions Cloud

Did these combinations create or destroy value : Identify one company and describe its experiences with mergers/acquisitions. Did these combinations create or destroy value? Why? For this exercise use Dell, Nike, United Airlines, eBay, Southwest Airlines, Blockbuster, Apple or another company.

Identify a well known company : Identify a well known company (this may include Dell, Nike, United Airlines, eBay, Southwest Airlines, or another firm) and describe its business-level (competitive) strategy. Why does this strategy fit the firms external environment?

Use balanced equations to find out whether either cubr : Use balanced equations to determine whether either CuBr or Ca3(PO4)2 has a different solubility with a change in pH:

Native hawaiian rule or white planter rule : Explain the rationale for president clevelands refusal to annex the hawiian islands to the US? Could Hawaii have remained independent under either native hawaiian rule or white planter rule? Why or why not?

Determine what are the sizes of the mpc and mps : 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 ..

What revenues are to be expected in 2010 and 2011 : Develop a forecasting model, justifying its selection over other techniques, and project attendance through 2011 and what revenues are to be expected in 2010 and 2011

The world as a result of her participation in the crusades : What information did Europe learn about the world as a result of her participation in the Crusades? How did the European Merchants influence trade, Renaissance, and the consolidation of domestic power?

What are the major options for appraisal of employees : What are the major options for appraisal of employees? Discuss each option, identifying the one that you think is best and why you chose that option.

Why is km extremely valuable in areas of research : Why is KM extremely valuable in areas of research and development? How do the different componenets of MITRE's KM system assist in spreading knowledge throughout its labs and in storing knowledge for use in the future?

User Account

All Pages