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    Business
  3. Study Set
    Macroeconomics Principles Applications
  4. Exam
    Exam 11: The Income-Expenditure Model
  5. Question
    -Refer to Figure 11
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-Refer to Figure 11

Question 60

Question 60

Multiple Choice

  -Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. The value of autonomous consumption is A)  10. B)  40. C)  50. D)  80.
-Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. The value of autonomous consumption is


A) 10.
B) 40.
C) 50.
D) 80.

Correct Answer:

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