77 410
Assignments Done
Successfully Done
In July 2019

Answer to Question #67694 in Macroeconomics for Raewwyn

Question #67694
Suppose that for a two sector model, the marginal propensity to consume (mpc) is 90%. What is the induced consumption expenditure equal to ?
Expert's answer
induced consumption expenditure = 0.9*Income

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!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions