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2. compute the value of the marg… Show more Using the foll

Paper help Economics 2. compute the value of the marg… Show more Using the foll

Economics

2. compute the value of the marg… Show more Using the foll

2. compute the value of the marg… Show more Using the following table: 1. Fill the final column of the table. 2. compute the value of the marginal propensity to consume. MPC = ???. 3. Compute the value of the multiplier. Multiplier = ???. 4. Equilibrium income is $_________??? billion. 5. If potential output is $400 billion, what type of real GDP gap is there? Chech one: None, Recessionary,Inflationary. 6 what kind of fiscal policy would a Kenesia propose to close the real GDP gap? Check one: none, expansionary, contractionary 7. Assuming the Keynsia selects a change in government spending to close the gap, by how much should govermnet purchase ( G) be changed to close the real GDP gap? G______???. • Show less

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