-Refer to the data above to answer this question.What is the equation for the saving function?
A)S = -200Y.
B)C = -200 + Y.
C)C = -200 + 0.2Y.
D)C = -200 + 0.8Y.
E)C = 200 + 0.8Y.

Question

-Refer to the data above to answer this question.What is the equation for the saving function?
A)S = -200Y. 
B)C = -200 + Y. 
C)C = -200 + 0.2Y. 
D)C = -200 + 0.8Y. 
E)C = 200 + 0.8Y.

Quizplus · Accepted Answer

The saving function typically takes the form S = -a + bY, where S represents savings, Y represents income, and a and b are constants. Option C, C = -200 + 0.2Y, closely resembles a saving function format, but with C likely representing consumption instead of savings. However, without the specific data mentioned in the question, it's challenging to determine the exact equation for the saving function. The choice provided might be a mistake in the question's context. Assuming the intention was to ask for a consumption function that could indirectly relate to savings, option C is the closest, but the correct saving function is not listed among the options provided.

-Refer to the Data Above to Answer This Question