Question:
Consider the following information:
Consumption (πΆ) = 250 + 0.25$π_π$, where $π_π$ is disposable income Autonomous Investment ($πΌ_0$) = 100
Government Expenditure ($πΊ_0$) = 50
Income tax rate (π‘) = 20 percent
The equilibrium level of consumption in the economy is ____ (in integer).
Consider the following information:
Consumption (πΆ) = 250 + 0.25$π_π$, where $π_π$ is disposable income Autonomous Investment ($πΌ_0$) = 100
Government Expenditure ($πΊ_0$) = 50
Income tax rate (π‘) = 20 percent
The equilibrium level of consumption in the economy is ____ (in integer).
Consumption (πΆ) = 250 + 0.25$π_π$, where $π_π$ is disposable income Autonomous Investment ($πΌ_0$) = 100
Government Expenditure ($πΊ_0$) = 50
Income tax rate (π‘) = 20 percent
The equilibrium level of consumption in the economy is ____ (in integer).
Updated On: Oct 1, 2024
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Correct Answer: 350
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The correct answer is :350
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