The consumption function captures one of the key relationships in economics. It expresses consumption as a function of disposal income, where disposable income is income after taxes. The attached file “Quiz_dataset2” shows data of average US annual consumption (in $) and disposable income (in $) for the years 2000 to 2016. What is the predicted consumption if the disposable income is $30,000? Select one: a. 2365.7 b. None of the above c. 32645.9 d. 2365.6
The consumption function captures one of the key relationships in economics. It expresses consumption as a function of disposal income, where disposable income is income after taxes. The attached file “Quiz_dataset2” shows data of average US annual consumption (in $) and disposable income (in $) for the years 2000 to 2016. What is the predicted consumption if the disposable income is $30,000? Select one: a. 2365.7 b. None of the above c. 32645.9 d. 2365.6
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The consumption
What is the predicted consumption if the disposable income is $30,000?
Select one:
a. 2365.7
b. None of the above
c. 32645.9
d. 2365.6
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