9 . Assume the following data for the U.S. economy. Full employment GDP occurs a

Question

9.      Assume the following data for the U.S. economy. Full employment GDP occurs at 7

10. Assume that the MPS = 0.25.   All figures are in billions of dollars.

GDP            C              S              I               G

570             582           -12            10             10

590             594           -4             10             10

610             606           4              10             10

630             618           12             10             10

650             630           20             10             10

670             642           28             10             10

690             654           36             10             10

710             666           44             10             10

730             678           52             10

Explanation / Answer

Only Data is provided, what need to calculated is not clear.

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