What is the value of the economic mpc

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The following data applies to an economy with only two sectors-households and firms no government or export/imported). C= consumption, I= Investment, and s=savings.

GDP = 1000. C= 1100. I= 100 what is savings
GDP = 2000. C= 2000. what is I and
GDP = 3000 what is C I and S
GDP = 4000 what is C I and S
GDP = 5000 what is C I and S
GDP = 6000. what is C I and S

What is the value of the economic's MPC?

What is the equilibrium GDP value?

If I rises by 100 - how much will the equilibrium GDP rise?

Reference no: EM1350456

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