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The current level of real GDP

01 / 10 / 2021 Assignment

This paper circulates around the core theme of The current level of real GDP together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption function is:


The current level of real GDP is $6000

At this level of real GDP, consumption will be $____ and savings will be $___ if GDP were to increase by $1000 consumption would increase by $_____ (Round your responses to the nearest dollar)

At a real GDP level of $6000, the average propensity to consume is ____ and the average propensity to save is ___. (Round your answers to two decimal to two decimal places.)

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