An economy is in equilibrium. Find investment expenditure: |
National income = 1200 |
Autonomous consumption expenditure = 150 |
Marginal Propensity to consume = 0.8 |
Answer:
\[Y=\overline{C}+MPC(Y)+I\] \[1200=150+\,(0.8\,\times 1200)+I\] \[~I=1200150960\] = 90
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