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:// ww.mathnd.com Student player Home ork aspx?hor e o kid=485029704&questo; da 1 &fi; shed false isto ao ente n es brittany ciotti 7/S/182 ework: Chapter 12 HW 0 of 1 pt f Chapter 3.12 he missing values in the following table Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes (Ente 31 of 45 (28 complete) ? HW Score: 45796, 20576 Question Hel as intogers) Real GOP Consumption $11,000 $12,000 $13,000 $14 000 $15,000 Planned Investment (I) $1.100 1.100 $1.100 S1,100 S1,100 Government Purchases (G) $1.200 1,200 1,200 1.200 1 200 Net Exports (NX) $275 5275 5275 S275 5275 $6,600 S7 200 er your answer in the ean fields and then click Check Answe part remaining /22075640lecon-ch-10-lash-cards e.

Explanation / Answer

We know that the national income identity is given as :

Y = C + I + G + NX

Hence ,

1) C = Y - ( I + G + NX ) = 14000 - ( 1100 + 1200 - 275) = 11975 $

Similarly when Y = 13000 and 15000 we get :

C = 10975 and 12975 dollars respectively

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