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Table 1 below shows values of GDP, disposable income, consumption, planned investment, and planned aggregate expenditures for a hypothetical economy. Use information in the table
Table 1 below shows values of GDP, disposable income, consumption, planned investment, and planned aggregate expenditures for a hypothetical economy. Use information in the table below to derive consumption function as a function of disposable income and fill the in the missing values.
Real GDP | Disposable income | Consumption | Planned Investment | Planned Aggregate Expenditure |
In billions of N$ | ||||
0 | `0 | ? | 4 | ? |
20 | 20 | 32 | 4 | ? |
40 | 40 | 48 | 4 | ? |
60 | 60 | ? | 4 | ? |
80 | 80 | ? | 4 | ? |
100 | 100 | ? | 4 | ? |
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