Economy, asked by kp5073838, 3 months ago

Find the consumption expenditure from the following:
Autonomous consumption = 100
Marginal propensity to consume (b) = 0.70
National Income (Y) = 1000

Answers

Answered by parora20

0

Answer:

c=cbar + mpc(y)

100+0.7(1000)

100+700

800

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