The table below contains data on per person income and per person consumption in the United States for several years.

a. Draw the consumption function for the United States for these years.

b. What is savings at each level of income?

c. Between 2014 and 2018, how much did income rise? What about consumption? What was the marginal propensity to consume out of the increase?

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Year Real income per person Real consumption per person 2014 $53,000 $36,100 2015 $54,200 $37,100 2016 $54,600 $37,900 2017 $55,500 $38,600 2018 $56,700 $39,400