Suppose in the united states consumption is described by, Ask an Expert

Economics

Suppose in the United States consumption is described by the formula: C= $50 billion+0.9 Yd, where Yd is disposable income. If taxes are $100 billion and household income is $1,000 billion, what is the amount of household savings in the economy?

A. $50 billion

B. $950 billion

C. $900 billion

D. $40 billion

E. $860 billion

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705676

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