Calculate consumption expenditure in the economy whose equilibrium level of income is 20,000,

Question

Calculate consumption expenditure in the economy whose equilibrium level of income is 20,000,

Calculate consumption expenditure in the economy whose equilibrium level of income is 20,000, autonomous consumptions 500 and marginal propensity to save is 0.5.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

C = C bar + (1 - MPS)Y

= 500 + (1 - 0.5)20,000

C = 500 + 10,000 = 10,500

4 views Answered 2023-02-05 15:29