Question
If Y = $200 billion, c = 0.75, autonomous consumption = $10 billion, and T = $20billion, induced consumption expenditure is A) $135 billion. B)
If Y = $200 billion, c = 0.75, autonomous consumption = $10 billion, and T = $20billion, induced consumption expenditure is
A) $135 billion.
B) $200 billion.
C) $180 billion.
D) $150 billion.
please show working out
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
