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Economics

Suppose that real consumer spending is 50, and spending on food, transport and leisure is 25, 10 and 5 respectively. Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure

A. 5%.
B. 10%.
C. Less than 10%.
D. More than 10%.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9222892

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