Refer to the information provided in table below to answer the questions that follow. Y C S 0 100 180 190 a. Find the consumption, if the consumption function is: C= 120 +0.2Y. b. Find aggregate saving. c. Illustrate that by graph from the information provided in table.
Refer to the information provided in table below to answer the questions that follow. Y C S 0 100 180 190 a. Find the consumption, if the consumption function is: C= 120 +0.2Y. b. Find aggregate saving. c. Illustrate that by graph from the information provided in table.
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 7E
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Question 4 :
Refer to the information provided in table below to answer the questions that follow.
Y |
C |
S |
0 |
|
|
100 |
|
|
180 |
|
|
190 |
|
|
a. Find the consumption, if the consumption function is: C= 120 +0.2Y.
b. Find aggregate saving.
c. Illustrate that by graph from the information provided in table.
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