Figure11-3A Consumption Function Fitted to Data The data from Figure 11-1 are reproduced here, along with a line drawn to fit the data as closely as possible. For Canadian households in 2010, the best estimate of the average household’s autonomous consumer spending, ac, is $23 032 and the best estimate of the marginal propensity to consume, or MPC, is about 0.50.
Source: Statistics Canada.
Source: Statistics Canada.