What is the amount of the martin familys annual consumer


The Martin family has a disposable income of $90,000 annually. Assume that their marginal propensity to consume is 0.8 (the Martin family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000. What is the amount of the Martin family's annual consumer spending?

Solution Preview :

Prepared by a verified Expert
Business Economics: What is the amount of the martin familys annual consumer
Reference No:- TGS02372811

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)