Calculate the marginal propensity to consume mpc and then, Microeconomics

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Calculate the marginal propensity to consume mpc and then

Question 1: Below are consumption and disposable income (Y_D) data.

	Disposable Income (Y_D)	Consumption
2013	$250 000	$180 000
2014	$310 000	$216 000

a. Calculate the marginal propensity to consume (mpc) and then the multiplier in this economy.

b. Using the multiplier you found in part a, calculate the effect of a $6000 increase in investment spending on real GDP.

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Microeconomics: Calculate the marginal propensity to consume mpc and then

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Microeconomics: Calculate the marginal propensity to consume mpc and then

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