-In the above figure, when disposable income equals $12 trillion, induced consumption expenditure equals

Name: -In the above figure, when disposable income equals $12 trillion, induced consumption expenditure equals
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

Induced consumption expenditure is equal to disposable income minus autonomous consumption expenditure. In this case, autonomous consumption expenditure is $1.2 trillion, so induced consumption expenditure is $12 trillion - $1.2 trillion = $10.8 trillion.

-In the Above Figure, When Disposable Income Equals $12 Trillion