in-a-private-closed-economy-if-autonomous-consumption-is-200-mpc-is-075-and-inve

Question

In a private closed economy, if autonomous consumption is $200, MPC is 0.75, and investment is $100, what is the equilibrium GDP?

Accepted Answer

$1,200

Answer

$1,000

Answer

$1,500

Answer

$800

In a private closed economy, if autonomous consumption is \$200, MPC is 0.75, and investment is \$100, what is the equilibrium GDP?