What is equilibrium income-value of saving at equilibrium

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Reference no: EM131097204

Assume the following values of an economy.

Planned Investment (Ip)= $20

Autonomous Consumption (C )= $30

Marginal Propensity to consume (MPC)= .9

a. What is the equilibrium income?

b. What is the value of saving at equilibrium?

c. Does the saving and Investment Identity hold true at equilibrium income OR GDP?

Reference no: EM131097204

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