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EQ14solution - are collected on a country Calculate nominal...

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12/14/10 EQ #14 AGEC 105 (2pts) November 10, 2010 (1pt) 1. Suppose you have access to the following information: Calculate MPC and MPS. MPC=25000/30,000=5/6; MPS=1-MPC=1/6 (1pt) 2. Suppose the following information
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Unformatted text preview: are collected on a country. Calculate nominal GDP of this country. GDP=C+I+G +NE =3,600+1,00 0+1,000 +(800-1,200) =5,200...
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