Find the MPS ,when Y is 500 , Autonomous saving is 30, and I is 70 witjin economy is in Equilibrium ??
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Heya...
Solution :-
___________
Given ____
National income ( Y ) = 500
Autonomous saving = -30
Investment (I) = 70
At equilibrium level ...
S = I
Autonomous saving + MPS (Y) = I
-30+MPS(500) = 70
500(MPS) = 70+30
500(MPS) = 100
MPS = 100/500
= 0.2 Answer ...
Thank you
Solution :-
___________
Given ____
National income ( Y ) = 500
Autonomous saving = -30
Investment (I) = 70
At equilibrium level ...
S = I
Autonomous saving + MPS (Y) = I
-30+MPS(500) = 70
500(MPS) = 70+30
500(MPS) = 100
MPS = 100/500
= 0.2 Answer ...
Thank you
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