The consumption expenditure and output of the country is 500 billion and 100 billion respectively. Calculate the average propensity to consume.
The consumption expenditure and output of the country is 500 billion and 100 billion respectively. Calculate the average propensity to consume.
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 7E
Related questions
Question
100%
The consumption expenditure and output of the country is 500 billion and 100 billion respectively. Calculate the average propensity to consume.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning