Business, 10.03.2020 20:01 angie0000

The Wilson family has a disposable income of $60,000 annually. Assume that their marginal propensity to consume is 0.8 (the Wilson family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000.
What is the amount of the Wilson family's annual consumer spending?

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The Wilson family has a disposable income of $60,000 annually. Assume that their marginal propensity...