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find consumption experditure from the following : National income `=Rs. 5,000` Autonomous cons. Expenditure `=Rs, 1,000` Marginal propensity to cinsume `=0.80` |
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Answer» `C= barC +by ("where",BarC= "autono.cons.," b= MPC and Y ="National income ")` `=1,000+0.80xx5,000` `=1,000+4,000=Rs.5,000` |
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