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

Question 2

Multiple Choice

Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
 Aggregate  Income (Y)  Aggregate  Consumption (C) 612121524224230\begin{array} { | c | c | } \hline \text { Aggregate } \\\text { Income } ( Y ) & \begin{array} { c } \text { Aggregate } \\\text { Consumption } ( C ) \end{array} \\\hline 6 & 12 \\\hline 12 & 15 \\\hline 24 & 22 \\\hline 42 & 30 \\\hline\end{array}
-Refer to Table 22.5. 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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