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.