From the given data determine the marginal propensity to

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From the following data, find the marginal propensity to consume, compute the expenditure at each level of GDP, and find the equilibrium GDP:

GDP C I G X IM

5,000 3,650 1,000 1,200 700 1,100

5,500 4,000 1,000 1,200 700 1,100

6,000 4,350 1,000 1,200 700 1,100

6,500 4,700 1,000 1,200 700 1,100

7,000 5,050 1,000 1,200 700 1,100

7,500 5,400 1,000 1,200 700 1,100

Reference no: EM13395494

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