Question: 1, while thaverage propensity to consumeC) is inc = /inc+ , Using observations for 100 families on annual income and consumption (both measured in dollars),

1, while thaverage propensity to consumeC) is inc = /inc+ , Using observations for 100 families on annual income and consumption (both measured in dollars), following equation is obtained: = - 124. 84 + 0. 853inc n = 100, R2= 0. 692. i. Interpret the intercept in this equation, and comment on its sign and magh Marks

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