The Following Information Is Consumption and Investment Data for a Private

question 97

Multiple Choice

The following information is consumption and investment data for a private closed economy.Figures are in billions of dollars.C = 60 + .6Y I = I₀ = 30
Refer to the above data.The equilibrium level of income (Y ) is:

• A)360
• B)225
• C)200
• D)135

Recognize the role and impact of small businesses in the economy.

Analyze scenarios to identify key factors in business success or failure.

Understand the concept of economies of scale and its benefits.

Identify the characteristics and significance of microbusinesses.

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Definitions:

Maximum Quantities

Refers to the highest amount of goods or services that can be produced or offered under certain conditions or constraints.

Knitted

Refers to textiles or fabrics made by interlocking loops of yarn with needles, characterized by its flexible and elastic properties.

Baked

Typically refers to food that has been prepared by baking, a process of cooking through dry heat, especially in an oven.

Production Possibilities Frontiers

A curve depicting the maximum viable combinations of two products or services that an economy can produce with given resources and technology.