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Consider the following infomation in the table below.

Income (Y) | Consumption (C) | Savings (S) |
---|---|---|

1000 | 780 | 220 |

1240 | 948 | 292 |

1480 | 1116 | 364 |

1720 | 1284 | 436 |

Given this data the consumption function can be written as:

C = + Y

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Consider the following consumption fuction:

C = 30 + 0.9*Y

What is the level of autonomous consumption?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Consider the following consumption fuction:

C = 30 + 0.9*Y

What is the MPC?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity