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Refer to the Information Provided in Table 22 -Refer to Table 22

Question 21

Multiple Choice

Refer to the information provided in Table 22.4 below to answer the question(s) that follow.
Table 22.4
 Aggregate  Income (Y)  Aggregate  Consumption (C) 810121320203231\begin{array} { | c | c | } \hline \text { Aggregate } \\\text { Income } ( \boldsymbol { Y } ) & \begin{array} { c } \text { Aggregate } \\\text { Consumption } ( C ) \end{array} \\\hline 8 & 10 \\\hline 12 & 13 \\\hline 20 & 20 \\\hline 32 & 31 \\\hline\end{array}
-Refer to Table 22.4. Which of the following consumption functions best fits the values in the table?


A) C = 8 + 0.5Y
B) C = 3 + 0.75Y
C) C = 4 + 0.9Y
D) C = 5 + 0.8Y

Correct Answer:

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