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Question 1: In a2-sectoreconomy,when the income increases fromRM400milliontoRM450million,consumption increases from200million to230million.The autonomous investment is RM100 million. a)Calculate the value of MPC and MPS. b)Statetheequationoftheconsumptionfunction,iftheautonomous consumption

Question 1:

In a2-sectoreconomy,when the income increases fromRM400milliontoRM450million,consumption increases from200million to230million.The autonomous investment is RM100 million.

a)Calculate the value of MPC and MPS.

b)Statetheequationoftheconsumptionfunction,iftheautonomous consumption is RM100 million

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