Q9 of 25 Page 4

Find Saving function when consumption function is given as C = 1000 + 0.6Y

C= 1000+0.6Y

S=Y-CS= Y - (1000+0.8Y)


-Y-1000-0.8Y


S=-1000+Y(1-0.8)


S=-1000+0.2Y


More from this chapter

All 25 →