You Are Given the Following Information About the Australian Economy

question 57

Multiple Choice

You are given the following information about the Australian economy: 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. What is consumption expenditure in equilibrium in this economy?

• A)35
• B)62
• C)92
• D)77

Understand and evaluate radical expressions and their properties.

Classify numbers as rational or irrational.

Simplify expressions using rational exponents.

Evaluate expressions without using a calculator.

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Definitions:

Interest

Relates to a feeling of curiosity or concern about something, often leading to engagement or investment.

Persuasive Messages

Persuasive messages are communications designed to influence the attitudes, beliefs, or behaviors of the audience.

Credibility

The quality of being trusted and believed in, often through demonstrated knowledge or reliability.

Emotional Manipulation

The act of using emotional triggers to influence or control another's behavior or decision-making process.