A semi-log (log-lin) consumption function states InC = 2 + 0.058I in which lnC is the log
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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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Related Book For 
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster
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