3. The following data are known: Income (Y) Comumption(C) Interestrate () Invest ment (1) 200 180 80 | 100 150 0,02 From the data above: a. Write a consumption function and asaving function b. Create an investment function c. Draw a consumption curve.
3. The following data are known: Income (Y) Comumption(C) Interestrate () Invest ment (1) 200 180 80 | 100 150 0,02 From the data above: a. Write a consumption function and asaving function b. Create an investment function c. Draw a consumption curve.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![3. The following data are known:
Income (Y)
Consumption(C)
Interestrate ()
Invest ment (1)
80
200
100
150
0,02
180
From the data above:
a. Write a consumption function and asaving function
b. Create an investment function
c. Draw a consumption curve](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa609e28-63e7-4270-9272-2a021cc22f27%2F8c0d2127-6ad0-42d0-a97d-548b3b00a679%2Fv0jaohb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. The following data are known:
Income (Y)
Consumption(C)
Interestrate ()
Invest ment (1)
80
200
100
150
0,02
180
From the data above:
a. Write a consumption function and asaving function
b. Create an investment function
c. Draw a consumption curve
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