This question has 5 sections:

1.create a consumption schedule, depicting 7 different consumption amounts at 7 different income levels; the schedule must include the autonomous consumption value.

2.Draw consumption curve from the schedule prepared in section 1.

3.Calculate the MPC and APC for the prepared schedule in section 1.

4.Prepare the Consumption and Saving Functions from the given data

5.Calculate the values of blank cells of the following table first; then calculate the total Consumption and Total Saving for the given three situations from the Consumption and Saving Functions prepared in section 4. (Assume the autonomous consumption to be 30 Million, 45 Million and 65 Million for three situations respectively).

Situation Saving Propensity to Consumption Propensity to Amount Save Amount Consume Dis. Income A 55 Million 0.2 B 0.5 30 Million C 40 Million 0.8