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


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023