Calculate the value of consumption expenditure from the following:- National income = $6000 Autonomous consumption = $1000 Marginal propensity to consume = 0.80
Calculate the value of consumption expenditure from the following:- National income = $6000 Autonomous consumption = $1000 Marginal propensity to consume = 0.80
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 12QP
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Calculate the value of consumption expenditure from the following:-
Autonomous consumption = $1000
Marginal propensity to consume = 0.80
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