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Find the equation for the aggregate consumption

Assignment Help Macroeconomics
Reference no: EM131344353

Based on table Find:

Aggregate Income ($ Billion)

Aggregate Consumption ($ Billion)

0

80

50

125

100

170

150

215

200

260

a. The equation for the aggregate consumption and saving function

b. The society MPC

c. The society MPS

d. Income equilibrium

e. Assuming society's MPC is constant at an aggregate of income of $300, aggregate consumption would be?

f. If I = 50, find national income, saving, and consumption

g. Draw the graph.

Reference no: EM131344353

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