In: Economics
Year | C | Yd | wealth | interest |
1947 | 976.4 | 1035.2 | 5166.8 | -10.351 |
1948 | 998.1 | 1090.0 | 5280.8 | -4.720 |
1949 | 1025.3 | 1095.6 | 5607.4 | 1.044 |
1950 | 1090.9 | 1192.7 | 5759.5 | 0.407 |
1951 | 1107.1 | 1227.0 | 6086.1 | -5.283 |
1952 | 1142.4 | 1266.8 | 6243.9 | -0.277 |
1953 | 1197.2 | 1327.5 | 6355.6 | 0.561 |
1954 | 1221.9 | 1344.0 | 6797.0 | -0.138 |
1955 | 1310.4 | 1433.8 | 7172.2 | 0.262 |
1956 | 1348.8 | 1502.3 | 7375.2 | -0.736 |
1957 | 1381.8 | 1539.5 | 7315.3 | -0.261 |
1958 | 1393.0 | 1553.7 | 7870.0 | -0.575 |
1959 | 1470.7 | 1623.8 | 8188.1 | 2.296 |
1960 | 1510.8 | 1664.8 | 8351.8 | 1.511 |
1961 | 1541.2 | 1720.0 | 8971.9 | 1.296 |
1962 | 1617.3 | 1803.5 | 9091.5 | 1.396 |
1963 | 1684.0 | 1871.5 | 9436.1 | 2.058 |
1964 | 1784.8 | 2006.9 | 10003.4 | 2.027 |
1965 | 1897.6 | 2131.0 | 10562.8 | 2.112 |
1966 | 2006.1 | 2244.6 | 10522.0 | 2.020 |
1967 | 2066.2 | 2340.5 | 11312.1 | 1.213 |
1968 | 2184.2 | 2448.2 | 12145.4 | 1.055 |
1969 | 2264.8 | 2524.3 | 11672.3 | 1.732 |
1970 | 2317.5 | 2630.0 | 11650.0 | 1.166 |
1971 | 2405.2 | 2745.3 | 12312.9 | -0.712 |
1972 | 2550.5 | 2874.3 | 13499.9 | -0.156 |
1973 | 2675.9 | 3072.3 | 13081.0 | 1.414 |
1974 | 2653.7 | 3051.9 | 11868.8 | -1.043 |
1975 | 2710.9 | 3108.5 | 12634.4 | -3.534 |
1976 | 2868.9 | 3243.5 | 13456.8 | -0.657 |
1977 | 2992.1 | 3360.7 | 13786.3 | -1.190 |
1978 | 3124.7 | 3527.5 | 14450.5 | 0.113 |
1979 | 3203.2 | 3628.6 | 15340.0 | 1.704 |
1980 | 3193.0 | 3658.0 | 15965.0 | 2.298 |
1981 | 3236.0 | 3741.1 | 15965.0 | 4.704 |
1982 | 3275.5 | 3791.7 | 16312.5 | 4.449 |
1983 | 3454.3 | 3906.9 | 16944.8 | 4.691 |
1984 | 3640.6 | 4207.6 | 17526.7 | 5.848 |
1985 | 3820.9 | 4347.8 | 19068.3 | 4.331 |
1986 | 3981.2 | 4486.6 | 20530.0 | 3.768 |
1987 | 4113.4 | 4582.5 | 21235.7 | 2.819 |
1988 | 4279.5 | 4784.1 | 22332.0 | 3.287 |
1989 | 4393.7 | 4906.5 | 23659.8 | 4.318 |
1990 | 4474.5 | 5014.2 | 23105.1 | 3.595 |
1991 | 4466.6 | 5033.0 | 24050.2 | 1.803 |
1992 | 4594.5 | 5189.3 | 24418.2 | 1.007 |
1993 | 4748.9 | 5261.3 | 25092.3 | 0.625 |
1994 | 4928.1 | 5397.2 | 25218.6 | 2.206 |
1995 | 5075.6 | 5539.1 | 27439.7 | 3.333 |
1996 | 5237.5 | 5677.7 | 29448.2 | 3.083 |
1997 | 5423.9 | 5854.5 | 32664.1 | 3.120 |
1998 | 5683.7 | 6168.6 | 35587.0 | 3.584 |
1999 | 5968.4 | 6320.0 | 39591.3 | 3.245 |
2000 | 6257.8 | 6539.2 | 38167.7 | 3.576 |
a. please regress consumption on income and a constant term using formulas, write the calculations. (use word document)
b. Calculate the variance of the marginal propensity to consume (MPC)
c. Calculate R2 of the regression