Practicing Success
Consider the given consumption function of country X and answer the following question. C = 100 + 0.8Y What is the value of autonomous consumption (A) and marginal propensity to consume (MPC) in the given equation? |
A = 0.8, MPC = 100 A = 100, MPC = 80 A = 80, MPC = 0.10 A = 100, MPC = 0.8 |
A = 100, MPC = 0.8 |