Asked by John

How do you find planned investment from the GDP, and determining the equilibrium GDP of an economy?
Answered by economyst
Planned investment = planned savings
Answered by John
Thanks so how do you find the equilibrium GDP of the economy.

I was given what the GDP is, then found consumption, savings, MPC, MPS and the planned investment but not sure how to go find the equilibrium GDP!
Answered by economyst
I believe you want to find GNP such that MPS*GNP = planned investment
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