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if consumption is 9 billion when disposable income is 0 and if the marginal propensity to consume is dc 03 in billions of dollars dy vy1 find the national consumption function cy 594 39713

SOLVED: Marginal Propensity to Consume and to Save Suppose that country's consumption function is given by: C = 9v/(1 0.8Vn) Where v and n are expressed in billions of dollars. (a) Find the marginal propensity to save when income is 25 billion by finding the derivative using the quotient rule. (b) Determine the relative rate of change of v with respect to n when income is525 billion.

Marginal Propensity to Consume & Multiplier Effect

SOLVED: The chart below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.35 of national income, the MPC out of after-tax income is 0.8, investment is 110, government spending is 80, exports are 63, and imports are 0.2 of after-tax income. What does consumption equal when income equals 500?

Table 11.8 represents the data behind a Keynesian cross diagram... | Filo