What is the total consumption expenditure

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a) In an economy without state and foreign trade, if the autonomous consumption is 80, autonomous investment is 70 and the marginal saving tendency is 0.25, what is the amount of equilibrium real gdp?

b) Real gdp=800, autonomous consumption is 100, marginal consumption tendency=0.70 what is the total consumption expenditure?

Reference no: EM132506535

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