-Refer to the above information to answer this question.What is the algebraic expression for consumption as a function of national income?
A)C = 20 + 0.6Y.
B)C = -20 + 0.6Y.
C)C = 20 + 0.8Y.
D)C = -20 + 0.8Y.

Question

-Refer to the above information to answer this question.What is the algebraic expression for consumption as a function of national income?
A)C = 20 + 0.6Y. 
B)C = -20 + 0.6Y. 
C)C = 20 + 0.8Y. 
D)C = -20 + 0.8Y.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above information to answer this question.What is the algebraic expression for consumption as a function of national income?
A)C = 20 + 0.6Y. 
B)C = -20 + 0.6Y. 
C)C = 20 + 0.8Y. 
D)C = -20 + 0.8Y.

-Refer to the Above Information to Answer This Question