Plz answer question no 57
Here is your solution?
Y=C+I?
National income = autonomous consumption+ MPC*Y + investment?
1500=300+ MPC*1500 +300?
900=MPC*1500?
MPC=900/1500?
MPC=0.6
Y=C+I?
National income = autonomous consumption+ MPC*Y + investment?
1500=300+ MPC*1500 +300?
900=MPC*1500?
MPC=900/1500?
MPC=0.6