Label and discuss the economic relevance of your consumption function.
Countertransference
August 7, 2017The development of Taiwan film industry after “Cape No.7?
August 7, 2017 1) Collect quarterly figures for the UK economy over at least 5 years on consumption expenditure and Gross Domestic Product (GDP) Tabulate the figures. (5 marks)
2) Prepare a scatter diagram of consumption/GDP data pairs. (3 marks)
3) Produce a line of best fit from your scatter diagram to construct a consumption function. (5 marks)
4) Label and discuss the economic relevance of your consumption function. (2 marks)
5) State and discuss the most important determinants of short-run consumer expenditure. (5 marks)
