Create a 1 page page paper that discusses the consumption function

Create a 1 page page paper that discusses the consumption function. The Consumption Function According to UN data, most countries have considered consumption expenditure as the most tangible element of the gross domestic product (GDP). In contrary, the vital components that explain the consumption expenditure are majorly wealth, disposable income , expected in future income the price level and the underlying interest rates.

Country

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consumption expenditure

real GDP (proxy for disposable income)

in (US. million dollars)

GDP deflator (proxy for price level)

in (US. million dollars)

lending interest rate

in (US. million dollars)

1.

Afghanistan

8,063,703,591

150

10.9

Na

2.

Albania

8,414,732,177

124

3.5

13.1

3.

Algeria

46,657,966,516

77

16.1

8.0

4.

Angola

16,610,257,666

68

26.8

67.7

5.

Antigua and Barbuda

845,962,815

114

4.3

11.4

6.

Argentina

133,117,224,547

94

8.8

6.2

7.

Armenia

4,114,120,693

114

3.2

18.0

8.

Aruba

1,767,184,358

109

4.2

11.5

9.

Australia

521,456,923,771

103

3.7

9.1

10.

Austria

223,568,537,034

96

2.0

Na

11.

Azerbaijan

6,414,194,531

90

16.1

17.0

12.

Bahamas

5,976,162,000

103

5.1

5.5

13.

Bahrain

8,589,827,775

81

13.7

7.8

14.

Bangladesh

49,389,772,358

106

5.1

14.0

15.

Barbados

3,498,300,000

108

6.6

9.2

16.

Belarus

21,397,284,824

99

18.9

11.4

17.

Belgium

279,746,803,960

96

2.4

6.7

18.

Belize

997,400,000

108

2.3

14.3

19.

Benin

3,870,536,014

107

4.4

Na

20.

Bhutan

612,218,864

125

5.9

14.0

21.

Bolivia

7,858,227,870

97

16.6

22.

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