In the Consumption Function C = a + C(Y -T)

question 79

Multiple Choice

In the consumption function C = a + c(Y -T) , "autonomous consumption" appears as

• A)a
• B)c
• C)cY.
• D)-cT.
• E)c(Y - T).

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Definitions:

Population Standard Error

The standard deviation of a sampling distribution, measuring the dispersion of sample means around the population mean.

Confidence Interval

A range of values, derived from the statistics of observed data, that is likely to contain the value of an unknown population parameter.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Population Standard Error

A measure of the dispersion of sample means around the population mean.