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Business, 20.06.2020 17:57 fuenzalida73

The Thompson family has a disposable income of $70,000 annually. Currently, the Thompson family spends 80% of new disposable income on consumption. Assume that their marginal propensity to consume is 0.8 and that their autonomous consumption spending is equal to $10,000. What is the amount of the Thompson family's annual consumer spending

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