Consider the Following Macro Model with Demand- Determined Output: C

question 20

Multiple Choice

Consider the following macro model with demand- determined output: C = 150 + 0.9Y_d, Y_d= 0.8Y, I = 400, G = 700, T = (0.2) Y, X = 130, IM = (0.08) Y. Equilibrium national income is

• A)1916.67
• B)4928.57
• C)2156.25
• D)1380.00
• E)3833.33

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Definitions:

Stand

A position or opinion one adopts on a particular issue.

Elbow Flexed

Referring to the position of the elbow when it is bent, decreasing the angle between the forearm and upper arm.

Degree Angle

A unit of measurement for angles, with one degree being 1/360th of a circle.

Regular Exercise

Engaging in physical activity consistently to improve or maintain one's health and fitness.