Chapter 10 - Assignment 2: Consumption Function Data
Enter the annual data on total real disposable personal income and total real consumption
expenditures into a spreadsheet software package. (Data is from an online edition of
The Economic Report of the President, 1998.)
- Use your spreadsheet software to create a graph of the consumption function for these years.
- Does your graph resemble the consumption function diagram appearing on p. 231 of your text? (If not, you may want to check to be sure that the data is entered correctly.)
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