question archive You are given the following data about an economy that has a fixed price level, no imports, and no taxes
You are given the following data about an economy that has a fixed price level, no imports, and no taxes
Subject:EconomicsPrice: Bought3
You are given the following data about an economy that has a fixed price level, no imports, and no taxes.
Calculate the marginal propensity to consume.
The marginal propensity to consume.
Answer to two decimal places. Calculate autonomous consumption expenditure. Autonomous consumption expenditure is $ billion.
|
Disposable income |
Consumption expenditure |
|
(billions of dollars per year) |
|
|
0 |
5 |
|
100 |
80 |
|
200 |
155 |
|
300 |
230 |
|
400 |
305 |
