Linear equations for the consumption schedules take the general
form C = a + bY and savings schedules
take the general form S = –a + (1 –
b)Y, where C, S, and Y
are consumption, saving, and national income, respectively.
a. Use the following data to determine numerical
values for a and b in the consumption and saving
equations:
National Income (Y)
Consumption (C)
$0.00
$100.00
200.00
290.00
400.00
480.00
600.00
670.00
800.00
860.00
C = $ _____ +...