Assuming the level of investment is $16 billion and independent of the level of total output, complete the accompanying table and determine the equilibrium levels of output and employment in this...

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Assuming the level of investment is $16 billion and independent of the level of total output, complete the accompanying 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 of Employment, Millions	Real Domestic Output (GDP = DI), Billions	Consumption, Billions	Saving, Billions
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	_____

Answered Same Day Dec 24, 2021

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Robert answered on Dec 24 2021

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Assuming the level of investment is $16 billion and independent of the level of total output, complete the accompanying table and determine the equilibrium levels of output and employment in this...

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