Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 17

The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the slope of the line The vertical intercept Interpret the meaning of both the slope and the intercept. Write the equation that represents this line. What would you predict saving to be at the $12,500 level of income