Equations for C,l,G, and NX are given below. If the equilibrium level of GDP is $32,000, what is the marginal propensity to consume?
C=5,000+(MPC)Y
I=1,500
G=2,000
NX=−500

A) 0. 67
B) 0. 75
C) 0. 8
D) 0. 9

Q&A Education