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The above table has data on the consumption function in the nation of Mojo. Show work. What is the amount of autonomous consumption expenditure? What
The above table has data on the consumption function in the nation of Mojo. Show work.
- What is the amount of autonomous consumption expenditure?
- What is the marginal propensity to consume?
Disposable Income Consumption expenditure
(Trillions of 2000 dollars) (Trillions of 2000 dollars)
0.0 0.8
1.0 1.6
2.0 2.4
3.0 3.2
4.0 4.0
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