This question is based on the following information regarding a goods market model: Autonomous consumption R450 million Government spending = R300 million Taxes = R200 million Marginal propensity to consume = 3/4 = At an equilibrium income level of R2 400 million, the consumption spending is equal to ... Select one: A. R2 100 million B. R1 650 million C. R2 250 million D. R2 550 million

This question is based on the following information regarding a goods market model: Autonomous consumption R450 million Government spending = R300 million Taxes = R200 million Marginal propensity to consume = 3/4 = At an equilibrium income level of R2 400 million, the consumption spending is equal to ... Select one: A. R2 100 million B. R1 650 million C. R2 250 million D. R2 550 million

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 10P

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