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- What could increase autonomous consumption (Ca)? a) An increase in the products price level. b) A decrease in consumer wealth. c) A decrease in income taxes. d) A decrease in the Index of Consumer Confidence e) An expectation of lower future inflationEvample 27. If saving function for an economy is given as: S =-500 + 0.2Y and investment expenditure is R 100 crores, then determine: (i) Level of income when saving will become zero; i) Level of income when saving is equal to investment.Consumption Function Suppose that a country's consumption function is given by C=(9\sqrt(I)+0.8\sqrt(I^(3))-0.3I)/(\sqrt(I)) where C and I are expressed in billions of dollars. (a) Find the marginal propensity to save when income is $25 billion. (b) Determine the relative rate of change C with respecy to I when income is $25 bilion.
- Answer correctly. Typed answer please. I ll rate.If the personal disposable income is $122 and consumption expenditure is $50 find out the average propensity to saveNUMERICAL PROBLEMS Problem (i) Find the equilibrium level of income. (ii) Find the level of consumption. Given the saving function S =- 10 + 0.2y and autonomous investment, I = $ 5 crore. (iii) If investment increases permanently by $ 5 crores, what will be the new levels of income and consumption ?
- In an economy the savings function is given to be as:- C = 1000 + 0.75Y Where C is the Consumption Expenditure and Y is the national income. Derive the saving functionSaving in the economy Multiple Choice Occurs when current spending is less than current incomes. and investment are essentially the same concept. Occurs when current consumption is more than current output. is generally not a determinant of future output.If the disposable income is $1000 and consumption expenditure is $ 750. Find the APS