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The Letters Y,C,S,and I Are Used to Represent GDP,consumption,saving,and Investment

Question 94

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The letters Y,C,S,and I are used to represent GDP,consumption,saving,and investment respectively.
The letters Y,C,S,and I are used to represent GDP,consumption,saving,and investment respectively. -The equation representing the consumption schedule for the above economy is: A) C = Y - .6S. B) Y = C + S. C) C = 60 + .4Y. D) C = 60 + .6Y.
-The equation representing the consumption schedule for the above economy is:


A) C = Y - .6S.
B) Y = C + S.
C) C = 60 + .4Y.
D) C = 60 + .6Y.

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