The Martin family has a disposable income of $60,000 annually. Assume that their marginal propensity to consume is 0.8 (the Martin family spends 80% of new disposable income on consumption) and that t

The Martin family has a disposable income of $60,000 annually. Assume that their marginal propensity to consume is 0.8 (the Martin family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000. What is the amount of the Martin family’s annual consumer spending?