Use the Information Below to Answer the Following Questions

question 101

Multiple Choice

Use the information below to answer the following questions.
Fact 27.5.2
The economy of Tinseltown 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 27.5.2. What is consumption expenditure in equilibrium in this economy?

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

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Definitions:

Reflection Response

A communication technique used in counseling and interpersonal communication where the listener repeats or paraphrases what the speaker has said to show understanding and empathy.

Closed-ended Question

A question format that limits responses to a set of choices, typically "yes" or "no," or multiple choice, providing clear and straightforward answers.

Challenging

Engaging in behavior or dialogue that questions, confronts, or tests the ideas, beliefs, or statements of others, often to provoke thought or promote change.

Acting

The art or practice of portraying a character in a dramatic or comedic performance.