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The martin family has a disposable income of $90,000 annually. assume that their marginal propensity to consume is 0.8 (the martin family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000. what is the amount of the martin family\'s annual consumer spending?

Respuesta :

Ivka93
90000$:100%=x$:80%, x*100=90000*80, x=72000$
The Martin family spends 80% of annual income which is 72000$ and their autonomous consumption spending is 10000$.
So Martin's family annual consumer spending is 72000$+10000$=82000$.

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