The Following Information Is for a Private Closed Economy, Where

question 108

Multiple Choice

The following information is for a private closed economy, where I_g is gross investment, S is saving, and Y is gross domestic product (GDP) .I_g = 80 S = -80 + 0.4Y
Refer to the above information.In equilibrium, consumption will be:

• A)$400.
• B)$280.
• C)$320.
• D)$360.

---

Definitions:

Weiner's Attribution Theory

A theory that suggests people tend to attribute causes to their successes and failures based on three main factors: locus of control, stability, and controllability.

Achievement Recognition

is the acknowledgement or reward given for accomplishments, often serving as motivation and validation for individuals.

Task Difficulty

The level of challenge presented by a task, influencing effort and strategies employed to accomplish it.

Social Comparison

The process by which individuals evaluate themselves by comparing their abilities, status, and situation with others.