Multiple Choice
(Advanced analysis) The table gives data for a private closed economy. The letters Y, C, S, and I are used to represent real GDP, consumption, saving, and investment, respectively. The equation
Representing the consumption schedule for the economy is
A) C = Y ? 0.6S.
B) Y = C + S.
C) C = 60 + 0.4Y.
D) C = 60 + 0.6Y.
Correct Answer:

Verified
Correct Answer:
Verified
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