Given that autonomous spending is 100 billion, disposible income is 20 billion, and marginal propensity to consume (MPC) is 10 billion: what is aggregate consumption? 300 billion O 450 billion 250 billion 500 billion
Given that autonomous spending is 100 billion, disposible income is 20 billion, and marginal propensity to consume (MPC) is 10 billion: what is aggregate consumption? 300 billion O 450 billion 250 billion 500 billion
Chapter23: The Aggregate Expenditure Model
Section: Chapter Questions
Problem 6P
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![Given that autonomous spending is 100 billion, disposible income is 20 billion, and marginal propensity to consume (MPC)
is 10 billion: what is aggregate consumption?
300 billion
450 billion
250 billion
500 billion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad61fb23-6772-4c68-a944-71325d2213c5%2F42e31374-454c-456a-bcd1-ffe78d444518%2F5hwjyn_processed.png&w=3840&q=75)
Transcribed Image Text:Given that autonomous spending is 100 billion, disposible income is 20 billion, and marginal propensity to consume (MPC)
is 10 billion: what is aggregate consumption?
300 billion
450 billion
250 billion
500 billion
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