Problem

2. What is the consumption burden for $Y=150$, $G=I=X=10$ and $\mathrm{mpc}$ of .80 ? a. +10 b. +5 c. 0 d. -5 e. -10

Solution

Step 1 :Given the values for Y, G, I, X, and mpc: Y = 150, G = 10, I = 10, and X = 10.

Step 2 :Calculate the consumption burden using the formula: Consumption Burden = Y - G - I - X.

Step 3 :Plug the given values into the formula: Consumption Burden = 150 - 10 - 10 - 10.

Step 4 :Calculate the consumption burden: Consumption Burden = 120.

Step 5 :\(\boxed{120}\) is the final answer.

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Source: https://solvelyapp.com/problems/35521/

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