Answered: When real GDP increases from $20,000 to…

Name: The tax rate is 0.4. The marginal propensity to import is 0.5 .When re
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Description: The tax rate is 0.4. The marginal propensity to import is 0.5 .When real GDP increases from $20,000 to $20,198, consumption increases from $18,000 to $18,050. What is the marginal propensity to consume?

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Economics

When real GDP increases from $20,000 to $20,198, consumption increases from $18,000 to $18,050. What is the marginal propensity to consume?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 8SQ

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