Equations for C,I,G,and NX are given below.If the equilibrium level of GDP is $21,500,what is the value of the marginal propensity to consume? C = 1,500 + (MPC)Y
I = 1,000
G = 2,000
NX = -200
A)0.67
B)0.75
C)0.8
D)0.9

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The Answer of Equations for C,I,G,and NX are given below.If the equilibrium level of GDP is $21,500,what is the value of the marginal propensity to consume? C = 1,500 + (MPC)Y
I = 1,000
G = 2,000
NX = -200
A)0.67
B)0.75
C)0.8
D)0.9

Equations for C,I,G,and NX Are Given Below