Answer to Question #135944 in Macroeconomics for Balungile Manakele

Question #135944
Calculate the value of autonomous spending.
1
Expert's answer
2020-09-30T15:30:43-0400

Autonomous spending refers to the components of an economy's aggregate expenditure that the same economy's real level of income does not affect. It is calculated as follows:

C= a + bYd. where 'C' is autonomous spending, 'a' is the level of autonomous consumption, 'b' is marginal propensity to consume out of income, and 'Yd' is the consumption function.


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