Find the consumption expenditure from the given information:- Autonomous consumption- 100 Marginal propensity to consume - 0.70 National income - 1000
Find the consumption expenditure from the given information:- Autonomous consumption- 100 Marginal propensity to consume - 0.70 National income - 1000
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 15E
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Question
Find the consumption expenditure from the given information:-
Autonomous consumption- 100
Marginal propensity to consume - 0.70
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