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Question
When C = 100 + 0.5Y and Y = 1,000, autonomous consumption will be:
When C = 100 + 0.5Y and Y = 1,000, autonomous consumption will be:
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Solution
The correct option is A 100
Autonomous consumption is the consumption which does not depend on income. In the given equation, when Y is zero, C = 100. Autonomous consumption is 100.
100
Autonomous consumption is the consumption which does not depend on income. In the given equation, when Y is zero, C = 100. Autonomous consumption is 100.
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