answer quickly 16. Calculate autonomous consumption expenditure from the following data about an economy whichis in equilibrium.Values in $National income 900.%3DMarginal propensity to save = 0.10.Investment expenditure 80.(millions)000

Autonomous consumption is a consumption which is occurs even at zero income level so here we find…

Answered: 16. Calculate autonomous consumption…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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17. If the MPC were equal to zero, the expenditure multiplier would be * a. Less than zero b. zero c. between zero and one d. one e. greater than one
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16. Find consumption expenditure from the following National Income =Rs. 5000 Autonomous Consumption = Rs. 1000 Marginal Propensity to Consume = 0.8 %3D

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16. Calculate autonomous consumption expenditure from the following data about an economy which is in equilibrium. Values in $ (millions) National income 900. Marginal propensity to save = 0.10. Investment expenditure 80.