Use the Information Below to Answer the Following Questions

question 106

Multiple Choice

Use the information below to answer the following questions.
Fact 27.5.1
The economy of Beverly Hills has a consumption function of C = 10 + 0.8Y, investment equal to 6, government expenditure equal to 10, exports equal to 10, and an import function of M = 0.1Y.
-Refer to Fact 27.5.1. If autonomous consumption increases by 10, what is the new equilibrium real GDP for this economy?

• A)153.33
• B)120
• C)86.67
• D)460
• E)230

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Definitions:

Dramaturgy

A sociological perspective that views social interactions as theatrical performances, where individuals present themselves in a manner that is most favorable to their audience.

Social Interaction

The dynamic exchange between individuals or groups, involving communication, behavior, and action, which influences social relationships and societal structures.

Nonverbal Messages

Communication that occurs without words, through gestures, expressions, tone of voice, posture, and other body language.

Verbal Messages

Information, ideas, or feelings expressed through spoken words or written language.