If the marginal propensity to consume is equal to 030 what


If the marginal propensity to consume is equal to 0.30, what will be to total change in output (or income) that will result from an increase in government expenditure of 127.4?

Solution Preview :

Prepared by a verified Expert
Business Economics: If the marginal propensity to consume is equal to 030 what
Reference No:- TGS02937386

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)