An economy is in equilibrium. Find 'autonomous consumption' from the following:
| National Income | = | 1,000 |
| Marginal Propensity to consume | = | 0.8 |
| investment expenditure | = | 100 |
CBSE DELHI - SET 2 2015
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$\text{Y}=\overline{\text{C}} + {\text{MPC(Y)}} + \text{I}$$\text{1,000}=\text{I}+\text{0.8(1,000)}+100$
$\overline{\text{C}}=1,000-800-100=100$
$\overline{\text{C}}=1,000-800-100=100$
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