Assume taxes are zero and an economy has a consumption function of C = 0.80 (Yd) + $879.06. How much savings take place if disposable income is equal to 3,258.02?

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter18: The Keynesian Model
Section: Chapter Questions
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Assume taxes are zero and an economy has a consumption function of C = 0.80 (Yd) + $879.06.  How much savings take place if disposable income is equal to 3,258.02?  Round your answer to two digits after the decimal and include a negative sign if you find negative savings which is borrowing.

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