|Output |Taxes | Disposable Income | Consumption Spending | Saving Planned |Investment...


Output Taxes Disposable Income Consumption Spending Saving Planned Investment Government Purchases Planned Aggregate Expenditure Unplanned Inventory Change
$9,000 $1,000 $1,000 $1,000

Assume that the consumption function for the above economy is C = 1000 + .80Yd

Fill in the empty cells.


Output implies the resultant item or commodity from several inputs and raw materials. The firms produce output because they have to sell it in the market and earn revenue against it.

Answer and Explanation: 1

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The consumption function can fill the table. Calculating each element individually:-

  • Disposable Income

The disposable income can be estimated as...

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Learn more about this topic:

What is Consumption in Economics? - Definition & Theory


Chapter 45 / Lesson 2

Learn about consumption in economics. Read examples of consumption in economics and find out 4 types of consumption in economics, what affects it, and how it is measured.

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