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Calculate the consumption and Savings function.

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Suppose the slope of the consumption function is 0.75 and there was an increase in income of $100. Calculate the increase in consumption.

1.Assume a Consumption function of the form C=200 + 0.8 Y. Derive the saving function and write out the algebraic representation.

2.(i) Fill the table given below.

(ii) Assume mpc is constant. In addition write the algebraic equation for consumption function.

0 200
300 425

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