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Question 101

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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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