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Question 1

Consider the following infomation in the table below.

Income (Y)Imports (M)
2000400
2230446
2460492
2690538

Given this data, what is Marginal Propensity to Import (MPI)?

 

Hint


Question 2

Suppose that the level of income is $2000 and the tax rate is 0.4 %.

Given this data, what is the level of disposable income?

 

Hint