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laurenclifton
laurenclifton laurenclifton
  • 11-11-2016
  • Social Studies
Answered

The Jones family has a disposable income of $90,000 annually. Assume that their marginal propensity to consume is 0.8 (the Jones 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 Jones family\'s annual consumer spending?

Verified Answer :

jeffey jeffey
  • 15-11-2016

21,000 dollars was used to buy stuff

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