Find consumption expenditure from the following : Autonomous consumption = Rs. 100 Marginal propensity to consume = 0.70 National Income = Rs. 1,000

Find consumption expenditure from the following :
Autonomous consumption = Rs. 100
Marginal propensity to consume = 0.70
National Income = Rs. 1,000

Monjur Alahi

6 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

`C=bar(C)+MPC.Y`
`C=100+(0.70xx1,000)=100+700= Rs. 800`

6 views Answered 2023-02-05 15:29

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