Engineering, 26.08.2021 14:00 xxaurorabluexx
Assume that the linear equation for consumption in a closed economy is C = 40 + 0.8Y. Also, assume that income (Y) is RM400 million.
Determine:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
(a) the marginal propensity to consume       Â
(b)Â the marginal propensity to save
    Â
(c) the level of consumption      Â
(d) the average propensity to consume       Â
(e) the level of saving       Â
(f) the average propensity to save  ​
Answers: 2
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Assume that the linear equation for consumption in a closed economy is C = 40 + 0.8Y. Also, assume t...
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