. How much is the savings of the people of the country if the national income is 400. e. Make a graphical sketch of the consumption and saving functions in one image.
. How much is the savings of the people of the country if the national income is 400. e. Make a graphical sketch of the consumption and saving functions in one image.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2. Public consumption of a country (two sectors) is indicated by the function C = 60 + 0.4Y. Calculate:
a. Find the saving function.
b. If the investment that occurs is 300, determine the balance national income.
c. What is the consumption of the people of the country if the national income is 400.
d. How much is the savings of the people of the country if the national income is 400.
e. Make a graphical sketch of the consumption and saving functions in one image.
Please solve subparts d,e thank u
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