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.
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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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