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Consider the following information in the table below. Income (Y) Consumption (C) Savings (S) 1000 950 50 1100 1040 60 1200 1130 70 1300 1220
Consider the following information in the table below.
Income (Y) | Consumption (C) | Savings (S) |
1000 | 950 | 50 |
1100 | 1040 | 60 |
1200 | 1130 | 70 |
1300 | 1220 | 80 |
Given this data the consumption function can be written as:
C = _____ + _____ Y
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