Deriving the Consumption and Savings Function

preview_player
Показать описание
In this video I show how to calculate the MPC, and then form the consumption as well as savings functions given national income and consumption data.
Рекомендации по теме
Комментарии
Автор

I forgot to interpret the MPC value. The value of 0.60 means that if your income increased by RM1, your consumption will increase by 60 cent.

zairihanabdulhalim