The data in the table below was used to estimate the following consumption function C 10 0 5Y On a graph, draw the consumption function and plot the points from the table Calculate the error for each point in the table, and then calculate the SUM from your error calculations Aggregate Income (Y) Aggregate Consumption (C) Point 10 20 30 40 50 60 13 23 30 32 33 44

Question: The data in the table below was used to estimate the following consumption function: C = 10 + 0.5Y On a graph, draw the consumption

The data in the table below was used to estimate the following consumption function: C = 10 + 0.5Y On a graph, draw the consumption function and plot the points from the table. Calculate the €œerror€ for each point in the table, and then calculate the SUM from your €œerror€ calculations.

Aggregate Income (Y) Aggregate Consumption (C) Point 10 20 30 40 50 60 13 23 30 32 33 44

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