For this year: • You earn a before-tax income of $81,000, on which you pay taxes equal to $5,000. You receive $3,000 in
Posted: Sun Jul 03, 2022 1:00 pm
For this year: • You earn a before-tax income of $81,000, on which you pay taxes equal to $5,000. You receive $3,000 in benefits from the government. - . Your marginal propensity to consume is 0.7. • Your autonomous consumption spending is equal to $11,000. What is your annual consumption spending this year? Do not enter the $ sign. Round to one decimal place if required. Answer: