Explanation:
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This document tells me that during the early 1800s, United States was not controlled by one president. There were some places, such as west of the river Mississippi, that were not included in any state or organized territory of United States. Also, during the early 1800s, the life in the United States were distinguished from every other. They did not use the same law or judgment. They did not have the same life style or share the same culture.
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Answer and Explanation:
Given equation C = $600 billion +0.9Y
Where c = total consumer spending
$600 billion = consumer autonomous spendinf
0.9= marginal propensity to consume(mpc)
Y= income of consumers
A. Marginal propensity to consume(MPC)= 0.9 from equation given
B. Autonomous spending which is spending that is constant =$600 billion from equation given
C. Using equation of consumer spending above, C= $600 billion+0.9Y
With $4200 billion in income, consumers spending =$600 billion+0.9*$4200 billion
=$4380 billion
D. Savings= consumers income-consumers spending= $4200 billion-$4380 billion= -$180 billion
Therefore there was a deficit not saving