find out the consumption and Savings function.
Assume the slope of the consumption function is 0.75 and there was an increase in income of $100. Compute the increase in consumption.
1.Assume a Consumption function of the form C=200 + 0.8 Y. Derive the saving function and prepare out the algebraic representation.
2.(i) Fill the table given below.
(ii) Assume mpc is constant. In addition prepare the algebraic equation for consumption function.
INCOME (IN DOLLARS) 
CONSUMPTION (IN DOLLARS) 
0 
200 
100 

200 

300 
425 