In a certain economy the marginal propensity to save is 0.2 and the autonomous consumption equals 400. Formulate the consumption function.

      

In a certain economy the marginal propensity to save is 0.2 and the autonomous consumption equals
400. Formulate the consumption function.

  

Answers


Wilfred
sol1622019512.png
Wilfykil answered the question on February 6, 2019 at 13:13


Next: In the context of international trade, explain the concept of comparative advantage with specialization
Previous: In a certain economy the marginal propensity to save is 0.2 and the autonomous consumption equals 400. If the Government?s expenditures were to increase by 50%...

View More CPA Economics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions