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taxes paid by households of $4 billion, and household consumption of $6Suppose that national income in Kejimkujik is $12 billion, households pay $4 billion in taxes, household consumption is equal to $6 billion, and the marginal propensity to consume .It seems reasonable to expect that consumption spending by households will be closely related to their disposable personal income, which equals the income households receive less the taxes they pay. Note that .
taxes paid by households of $4 billion, and household consumption of $6It seems reasonable to expect that consumption spending by households will be closely related to their disposable personal income, which equals the income households receive less the taxes they pay. Note that .The consumption function. Consider a country with the national income of $32 billion, the amount of taxes paid by households of $12 billion, and household consumption of $16 .
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taxes paid by households of $4 billion, and household consumption of $6