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What is the value of autonomous consumption

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Reference no: EM131819451

Let real GDP =Y = Yd, and the consumption function is C = $1,000 + .06Y.

What is the value of autonomous consumption (A) and what is the marginal propensity to consume (MPC)?

A) A = $600; MPC = 0.4

B) A = $1,000; MPC = 0.6

C) A = $1,600; MPC = 2.5

D) A = $2,500; MPC = 0.6

Reference no: EM131819451

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