Consider the Following Macro Model with Demand-Determined Output: C =

question 60

Multiple Choice

Consider the following macro model with demand-determined output: C = 150 + 0.9 , = 0.8Y,I = 400,G = 700,T = (0.2) Y,X = 130,IM = (0.08) Y.Equilibrium national income is

• A)1380.00.
• B)1916.67.
• C)2156.25.
• D)3833.33.
• E)4928.57.

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Definitions:

Rich

Having a large amount of wealth or resources, enabling a higher standard of living and purchasing power.

U.S. Farmers

Individuals or enterprises in the United States engaged in the production of food, feed, fiber, and other goods by systematic raising of plants and animals.

Produce More

Refers to the increase in the quantity of goods or services generated by a company or economy.

Capital

Refers to financial assets or resources that individuals or businesses use to fund their operations and invest in their growth.