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

---

Definitions:

Markov Analysis

A statistical technique used to predict the future state of a system based on its current state and known transition probabilities.

Replacement Chart

A visual tool used in human resource planning to show current jobholders and identify potential replacements within an organization.

Skills Inventory

A comprehensive list or database of the skills, competencies, and qualifications of employees within an organization, used to match workforce capabilities with business needs and opportunities.

Seniority

A system where priority or privilege is given to employees based on their length of service in the company.