Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer correct calculation plz asap plz Don't answer by pen paper plz Suppose output and income is equal to 20000, the marginal propensity to
Please answer correct calculation plz asap plz
Don't answer by pen paper plz
Suppose output and income is equal to 20000, the marginal propensity to consume is 0.75, and autonomous consumption is 475. Calculate total saving for this economy, assuming no public or foreign sector. (Round your answer to the nearest whole number.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started