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Assuming the level of investment is $16 billion and independent of the level of total output,...

Assuming the level of investment is $16 billion and independent of the level of total output, complete the following table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS? Be sure to answer both parts of the question—fill in the data and compute the MPC and MPS.

Possible levels
of employment
(millions)

Real domestic
output (GDP=DI)
(billions)

Consumption
(billions)

Saving
(billions)

40
45
50
55
60
65
70
75
80

$240
260
280
300
320
340
360
380
400

$244
260
276
292
308
324
340
356
372

$ _____
$ _____
$ _____
$ _____
$ _____
$ _____
$ _____
$ _____
$ _____
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