Question
In an island country where there is no trade and there is no government. The income of every citizen is (Y), aggregate consumption is (C)
In an island country where there is no trade and there is no government. The income of every citizen is (Y), aggregate consumption is (C) and aggregate savings is (S).
In this county the aggregate expenditure of every citizen (AE) is equal to (Y) at the end of the year.
Also In this country the rate of change of S to Y is 0.25
At the end of the year (AE) is found as 10000 and C is 9000. Find the income-related savings (S) function.
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Financial Accounting
Authors: C Thomas,
12th Edition
007760086X, 9780077600860
