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Mathematics 11 Online
OpenStudy (anonymous):

Please help - In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C=200+0.80Y. The current level of real GDP is $5000. At this level real GDP consumption will be ______ and savings will be _______. If GDP were to increase by $1000, consumption will increase by _______. At a real GDP level of %5000, the average propensity to consume is _____ and the average propensity to save is ____.

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