6. You are given the following consumptionfunction :C = RM150 million + 0.75YdBased on the above consumptionfunction, answer the following questions:a.Determine the saving functionHow much is :b.1. Autonomous consumptionII. Autonomous savingC.How much is the disposable incomewhen saving is zero?d.If there an investment of RM200million, what will be the newequilibrium level of income.e.If G = 100, calculate the newequilibrium level if governmentexpenditure increased from RM100to RM150f. If I = 100, calculate the newequilibrium level if investmentdecrease to RM50

We have given consumption function C=150+0.75Yd where yd is a disposable income.

6. You are given the following consumption function: C = RM150 million +0.75Yd Based on the above consumption function, answer the following questions: a. Determine the saving function How much is : b. 1. Autonomous consumption II. Autonomous saving C. How much is the disposable income when saving is zero?

6. You are given the following consumption function: C = RM150 million +0.75Yd Based on the above consumption function, answer the following questions: a. Determine the saving function How much is : b. 1. Autonomous consumption II. Autonomous saving C. How much is the disposable income when saving is zero?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 10E

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