2. In a given economy potential GDP is at $2,000,000. If equilibrium/actual GDP is $1,300,000, determine how large of a recessionary gap this economy has. If the MPC is .8,

At an intial point on the aggregate demand curve, the price level is 100, the real GDP is $18 trillion. After the price level rises to 110, however there is an upward movement along the aggregate demand curve, and real GDP declines to $14 trillion. If total planned spending declines by $200 billion in response to the increase in the price level, what is the MPC in this economy?

Hi I need the second half to this problem thank you

The full employment level of GDP is 470 the current level of GDP output is 430. Income is 430 and consumption is 420 income increases to 450 and consumption increases to 435.   What will the MPC be What will the MPS be What will the multiplier be How much and in what direction will spending need to change to regain the full employment level of GDP How much and in what direction will taxes need to change to regain the full employment level of GDP   You must show all work you must take all steps and it must be done in a neat well organized easy to follow manner.

Calculating the MPSAnd MPC. In one year a consumer income increase by $200 and her consumption increase by $140 ? Her marginal propensity to consume is equal to __. Her marginal prosperity to save is equal to __. (Thanks)

economics