Based on the information presented below, what is the equation representing the saving for thiseconomy?GDP (Y)$0100200300Cunsumption (C)$60120180240Oa. S = -60 + 0.6YO b. S = 60+ 0.4YO c. S = -40 +0.75YO d. S= -60+ 0.4YSaving (S)S-60-202060Investment (1)$100100100100

GDP (Y) is the sum of consumption (C) and saving (S). i.e., Y = C + S => S = Y - C…

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Based on the information presented below, what is the equation representing the saving for this economy?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Based on the information presented below, what is the equation representing the saving for this
economy?
GDP (Y)
$0
100
200
300
Cunsumption (C)
$60
120
180
240
Oa. S = -60 + 0.6Y
O b. S = 60+ 0.4Y
O c. S = -40 +0.75Y
O d. S= -60+ 0.4Y
Saving (S)
S-60
-20
20
60
Investment (1)
$100
100
100
100

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