Question #303753

Suppose now that country's national income increases to $330 billion. Assuming the amount paid in taxes is fixed at $100 billion and MPC = 0.6, what will be the new household consumption?


1
Expert's answer
2022-03-03T14:57:56-0500

householdconsumption=160+(330−300)×0.6=178household consumption=160+(330-300)\times0.6=178


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