Y	T	Yd	C	S	I	G	X	IM	Xn	AE
500	175	325	280	45	90	350	80	50	30	750
600	200	400	340	60	90	350	80	60	20	800
700	225	475	400	75	90	350	80	70	10	850
800	250	550	460	90	90	350	80	80	0	900

Refer to the above information to answer this question. What is the algebraic expression for consumption as a function of national income?

Question 24Answer

a.C = 20 + 0.6Y.

b.C = -20 + 0.6Y.

c.C = 20 + 0.8Y.

d.C = -20 + 0.8Y.