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Consider the following infomation in the table below.

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

1000 | 850 | 150 |

1280 | 1074 | 206 |

1560 | 1298 | 262 |

1840 | 1522 | 318 |

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 = 100 + 0.5*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 = 100 + 0.5*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