Question
What is a planned economy?
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|
Income
|
Consumption
|
MPC
|
APS
|
|
0
|
40
|
-
|
-
|
|
-
|
120
|
0.8
|
-
|
|
-
|
200
|
0.8
|
-
|
|
-
|
280
|
0.8
|
-
|
| National Income | = | 1200 |
| Autonomous consumption expenditure | = | 150 |
| Marginal Propensity to consume | = | 0.8 |