Answer to Question #87855 in Macroeconomics for Martha
Given the following consumption function: C= 100+ 0.2y. If income is equal to R2000 consumption will be
1
2019-04-11T09:28:20-0400
If
C=100+0.2y
Then y = 2000
C=100+0.2*2000=500
consumption will be R500
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