Ilustrate what is the marginal propensity to consume, Ask an Expert

Economics

If income increased by $20,000, government purchases are fixed at $10,000, investment spending is fixed at $5,000, net exports are refixed at $500, and aggregate expenditure is increasing by $15,000, Ilustrate what is the marginal propensity to consume (MPC)?

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Business Economics, Economics

Category:- Business Economics
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