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X. AE G Ig 40 с GDP 20 20 250 300 20 20 40 290 350 20 20 40 330 400 20 20 40 370 450 20 20 40 500 410 20 20 40 550 450 20 490
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Answer #1
GDP(Y) C Ig G Xn AE = C+Ig+G+Xn
300 250 40 20 20 330
350 290 40 20 20 370
400 330 40 20 20 410
450 370 40 20 20 450
500 410 40 20 20 490
550 450 40 20 20 530
600 490 40 20 20 570
650 530 40 20 20 610

a) MPC = ∆C/∆Y = 40 / 50 = 0.8

MPS = 1 - MPC = 1 - 0.8 = 0.2

b) If full employment GDP is 600, there is a recessionary gap. Because equilibrium GDP or actual GDP is 450. Since actual GDP is less than full employment GDP, there is a recessionary gap.

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