Use the Information Below to Answer the Following Questions

question 6

Multiple Choice

Use the information below to answer the following questions.
Fact 11.5.2
An economy has a consumption function of C = 15 + 0.7Y , investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y.
-Refer to Fact 11.5.2.What is consumption expenditure in equilibrium in this economy?

• A)77
• B)35.25
• C)53.5
• D)62
• E)92

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Clients Acquisition

The process of gaining new clients or customers for a business through various strategies and efforts.

80/20 Rule

A principle stating that 80% of effects come from 20% of causes, often applied to business and economics to focus on the most productive inputs.

Customer Relationships

The ongoing interactions and engagements a company maintains with its customers to foster loyalty and satisfaction.