The multiplier in a country is equal to 5, and households pay no taxes. At the current

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The multiplier in a country is equal to 5, and households pay no taxes. At the current equilibrium real GDP of $14 trillion, total real consumption spending by households is $12 trillion. What is real autonomous consumption in this country?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:41 PM

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The multiplier in a country is equal to 5, and households pay no taxes. At the current

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