Business, 06.11.2020 17:10 GbTaco

The Wilson family has a disposable income of $60,000 annually. Currently, the Wilson 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 Wilson family's annual consumer spending

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The Wilson family has a disposable income of $60,000 annually. Currently, the Wilson family spends 8...

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