Use the Information Below to Answer the Following Questions

question 72

Multiple Choice

Use the information below to answer the following questions.
Fact 11.5.1
An economy has a consumption function of C = 10 + 0.8Y, investment equal to 6, government expenditure equal to 10, exports equal to 10, and an import function of M = 0.1Y.
-Refer to Fact 11.5.1.What is consumption expenditure in equilibrium in this economy?

• A)26.8
• B)38.8
• C)106
• D)298
• E)114

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Definitions:

Status Offense

A noncriminal act that is considered a violation of the law only because of the offender's status as a minor, such as truancy or running away from home.

Truancy

The action of staying away from school without permission, often reflecting underlying issues such as family problems or disengagement.

Suicide

The deliberate action of taking one's own life.

Status Offense

An action that is prohibited only to a certain class of people, and most often applied to behaviors forbidden to minors, such as truancy and underage drinking.