Suppose that autonomous consumption is 2,190, government purchases are 590, taxes are 0, planned investment spending is 648, net exports are -132, and the MPC is 0.71. What is the value of autonomous spending? Round your answer to the closest 2 decimal places if needed. Do not enter dollar signs ($) in your answer.

MACROECONOMICS
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ISBN:9781337794985
Author:Baumol
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Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section9.A: The Simple Algebra Of Income Determination And The Multiplier
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Suppose that autonomous consumption is 2,190, government purchases
are 590, taxes are 0, planned investment spending is 648, net exports are
-132, and the MPC is 0.71. What is the value of autonomous spending?
Round your answer to the closest 2 decimal places if needed. Do not
enter dollar signs ($) in your answer.
Transcribed Image Text:Suppose that autonomous consumption is 2,190, government purchases are 590, taxes are 0, planned investment spending is 648, net exports are -132, and the MPC is 0.71. What is the value of autonomous spending? Round your answer to the closest 2 decimal places if needed. Do not enter dollar signs ($) in your answer.
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