Economy, asked by rachnaroseyadav, 3 months ago

HERCISES
Using the time series in the following table, estimate the consumption
otion and the savings function (in linear form) of the U.K. What is the
mural propensity to consume and the marginal propensity to save of the
Interpret the intercepts of the two functions.
Year
1964
1965
1966
1967
1968
Income in £m
26,934
28,729
30,171
31,781
33,450
Consumption in Em
21,439
22,833
24,205
25,307
27,020​

Answers

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0

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