Question: Fill in the aggregate saving column in the following table. Use the data in the table to calculate the consumption function and the saving function,
Fill in the aggregate saving column in the following table. Use the data in the table to calculate the consumption function and the saving function, and plot these functions as well as the 45-degree line on a graph. What are the values for the MPC and the MPS?

Aggregate Income, Y Aggregate Consumption, C Aggregate Saving, S $200 100 250 200 300 300 350 400 400 500 450 600 500
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C 200 05Y S 200 05Y MPC 05 MPS 05 Aggregate Income Y Aggreg... View full answer
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