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3. In 2016, an average household was expected to spend a minimum of $7,200 without rent on living costs AND average rent was $6,000. 2016's

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3. In 2016, an average household was expected to spend a minimum of $7,200 without rent on living costs AND average rent was $6,000. 2016's disposable income of the household was $28,000. In 2017, the minimum spending without rent is $7,800 AND average 2017 rent was $6,600.2021's disposable income of the average household is $32,000. What was the minimum amount of consumption (without rent) in 2016, and what was the amount of consumption including rent in 2016 b. What was the minimum amount of consumption (without rent) in 2017, and what was the amount of consumption including rent in 2017 c. From a & b, how much did consumption (with rent included) increase from 2016 to 2017? d. How much did disposable income increase from 2016 to 2017? e. From cand d, what was the Marginal Propensity to Consume (MPC) of 2017? f. From b, e, and with the given disposable income of 2017, what is the Consumption function e C=C+MPC. Y of 2017

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