level of autonomous consumption in the economy
Please answer the following questions based on the following data ($ in billions)...
The level of autonomous consumption in the economy is? The level of induced consumption at a disposible income of $600 billion is? etc.
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https://brainmass.com/economics/income-distribution/level-autonomous-consumption-economy-31714
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see attachment for answers to your questions.
7) The answer is b. 100 billion.
At disposable income = 0, total consumption = autonomous consumption. Autonomous consumption is the subsistence level of consumption necessary to ...
Solution Summary
The level of autonomous consumption in the economy is emphasized. The levels of autonomous consumptions in the economy are given.
$2.49