Question: Giventhe consumption function: C=100+2Y Where: C: total consumption (Billion $) Y: national income (Trillion $) What is the value of the marginal propensity to consume

Giventhe consumption function:

C=100+2Y

Where:

  • C: total consumption (Billion $)
  • Y: national income (Trillion $)

What is the value of the marginal propensity to consume when Y = 2.63?

(Round your answer to two decimal places)

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