Question: A semi-log (log-lin) consumption function states InC = 2 + 0.058I in which lnC is the log of consumption for a small national economy measured

A semi-log (log-lin) consumption function states InC = 2 + 0.058I in which lnC is the log of consumption for a small national economy measured in billions of monetary units and / is the income (measured as GDP) in trillions of units. If / increases by one unit::

A. What happens to C?
B. Calculate C.

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