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Giventhe consumption function: C=100+2Y Where: C: total consumption (Billion $) Y: national income (Trillion $) What is the value of the marginal propensity to consume
Giventhe consumption function:
C=100+2Y
Where:
- C: total consumption (Billion $)
- Y: national income (Trillion $)
What is the value of the marginal propensity to consume when Y = 2.63?
(Round your answer to two decimal places)
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