Calculate the value of consumption expenditure from the following:- National income = $6000 Autonomous consumption = $1000 Marginal propensity to consume = 0.80

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
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Calculate the value of consumption expenditure from the following:-

National income = $6000

Autonomous consumption = $1000

Marginal propensity to consume = 0.80

 

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