The graph shows the consumption function. Consumption expenditure (billions of 2012 dollars) 525- What is the marginal propensity to consume, and what is autonomous consumption? 450 CF The marginal propensity to consume is 375- >>> Answer to 2 decimal places. Autonomous consumption is $ billion. 300- 225 150- 75 200 300 400 100 Disposable income (bilions of 2012 dollars)
The graph shows the consumption function. Consumption expenditure (billions of 2012 dollars) 525- What is the marginal propensity to consume, and what is autonomous consumption? 450 CF The marginal propensity to consume is 375- >>> Answer to 2 decimal places. Autonomous consumption is $ billion. 300- 225 150- 75 200 300 400 100 Disposable income (bilions of 2012 dollars)
Chapter1: Making Economics Decisions
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Transcribed Image Text:The graph shows the consumption function.
What is the marginal propensity to consume, and what is autonomous consumption?
Consumption expenditure (billions of 2012 dollars) O
5257
The marginal propensity to consume is.
450-
CF
>>> Answer to 2 decimal places.
375-
Autonomous consumption is $
billion.
300-
225-
150-
75-
100
Disposable income (billions of 2012 dollars)
0.
200
300
400
Enter your answer in each of the answer boxes.
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