Answer to Question #134396 in Macroeconomics for Tlhogi

Question #134396

Consumption = 115 + 0.6Y
Investment = 550
Use the above information to answer the questions that follow:

Calculate the value of autonomous spending.

Expert's answer

Y=0

"C=115+0.6Y=115"

115 the value of autonomous spending.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. GDP at market prices R397bnNet primary income payments to the rest of the world R37bnIndirect taxes
2. decline in the number of American tourists to South Africa. Explain, with the aid of a graph, the
3. Which of the following statements is correct? (2) (1) When a British firm invests in a bicycle manuf
4. If a household’s income falls from R12 000 to R10 000, and its consumption falls from R9 500 to R8
5. In the national income accounts: (2) (1) Total spending is always equal to total production and inco
6. If the marginal propensity to consume increases: (2) (1) The slope of the consumption function will
7. Out of 20 million people in the population, 9 million people are in the labour force and 3 million a