Economics · Macroeconomics
Consider the given consumption function of country X and answer the question below: C = 100 + 0.8Y What is the value of autonomous consumption (A) and marginal propensity to consume (MPC) in the given equation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A = 0.8, MPC = 100
- 2A = 100, MPC = 80
- 3A = 80, MPC = 0.10
- 4A = 100, MPC = 0.8✓
Correct answer
A = 100, MPC = 0.8
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