Answer:
Autonomous consumption is <u>$1,000</u> and the marginal propensity to consume is <u>0.9</u>.
A consumer whose income increases by $100 will increase consumption by <u>$90</u>.
Explanation:
Given C = 1000 + 0.9Y
Autonomous consumption refers to consumption expenditure of consumers that does not depend on income. Therefore, autonomous consumption is therefore the consumption expenditure made by the consumers when they do not have income or when income is zero (i.e. when Y = 0).
Substituting for Y = 0 into the consumption function, we can obtain autonomous consumption is follows:
Autonomous consumption = 1000 + (0.9 * 0) = 1,000
The marginal propensity to consume refers to the proportion of the increase in disposable income that is spent on the consumption of goods and services by a consumer. From the consumption function, the marginal propensity to consume is 0.9.
Since marginal propensity to consume is 0.9, a consumer whose income increases by $100 will therefore increase consumption by $90 (i.e. $100 * 0.9 = $90).
An important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit.
<h3>What is social trend?</h3>
It should be noted that social trend simply means
the movement of a particular trend or its growth.
In this case, an important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit
Learn more about social trend on:
brainly.com/question/2926894
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I would say your answer is A.
Glad I could help, and good luck!
Answer:
8
Explanation:
Amount he can spend on tacos = income - total price of milkshakes
total price of milkshakes = 2 x 10 = 20
100 - 20 = 80
quantity of tacos = 80 / 10 = 8
Answer:
The answer is 3.3%
Explanation:
Percentage growth rate is
New figure - Old figure /old figure x 100%
Real GDP in 2011 is $15.5 trillion
Real GDP in 2010 is $15 trillion
So we have $15.5 - $15/$15 x 100%
$0.5/$15 x 100%
0.033 x 100%
3.3% is the growth rate between 2011 and 2010.
Alternatively, new figure - old figure - 1
$15.5/15 - 1
1.033 - 1
0.033
Expressed as a percentage
0.033 x 100%
3.3%
