Give me correct answer with calculation otherwise i give multiple down voteNote:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. KIn macroeconomic theory, totalconsumption expenditure on goodsand services, y is assumed to be a linearfunction of national income, x. The tablegives the values of y and x for 2004 and2009 in country A (in billions of dollars).YearTotal consumption (y)National income (x)20042009$8,289 $10,083$9,936 $12,028Find the formula for y as a function of x.y =(Round to four decimal places as needed. Use integers or decimals for any numbers in the expression.)

The national income refers to the value of the output of all the goods and services produced in an…

Answered: K In macroeconomic theory, total…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Give me correct answer with calculation otherwise i give multiple down vote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

K
In macroeconomic theory, total
consumption expenditure on goods
and services, y is assumed to be a linear
function of national income, x. The table
gives the values of y and x for 2004 and
2009 in country A (in billions of dollars).
Year
Total consumption (y)
National income (x)
2004
2009
$8,289 $10,083
$9,936 $12,028
Find the formula for y as a function of x.
y =
(Round to four decimal places as needed. Use integers or decimals for any numbers in the expression.)

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