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"consider a country with the national income of $12 billion, the amount of - Answered: 2. The consumption function Consider a

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"consider a country with the national income of $12 billion, the amount of

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"consider a country with the national income of $12 billion, the amount ofThe consumption function. Consider a country with the national income of $30 billion, the amount of taxes paid by households of $12 billion, and household consumption of $16 .

"consider a country with the national income of $12 billion, the amount of From the given data we know that national income is $12 billion, taxes paid are $4 billion, and consumption is $6 billion. Thus, the initial saving can be . Final answer: The economy's consumption function can be plotted on a graph by using the equation C = 7 + 1.75Y, where C represents household consumption and Y .

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"consider a country with the national income of $12 billion, the amount of
Answered: 2. The consumption function Consider a .
"consider a country with the national income of $12 billion, the amount of
"consider a country with the national income of $12 billion, the amount of.
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