1) A worker has an income of $12,000.00, an MPC of 0.80 and pays taxes of 15% and also receives a remittance of $50. Cal

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answerhappygod
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1) A worker has an income of $12,000.00, an MPC of 0.80 and pays taxes of 15% and also receives a remittance of $50. Cal

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1 A Worker Has An Income Of 12 000 00 An Mpc Of 0 80 And Pays Taxes Of 15 And Also Receives A Remittance Of 50 Cal 1
1 A Worker Has An Income Of 12 000 00 An Mpc Of 0 80 And Pays Taxes Of 15 And Also Receives A Remittance Of 50 Cal 1 (61.29 KiB) Viewed 83 times
1) A worker has an income of $12,000.00, an MPC of 0.80 and pays taxes of 15% and also receives a remittance of $50. Calculate consumption and savings. 2) An economy has a consumption function of C=50+90Yd. Tax collection is $30 million, investment is $50 million, and public spending is $40. Calculate the macroeconomic balance.
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