Assume that the consumption function for the above economy is C = 1000 + .75Yd fill in the empty cells. (All Figures are in Billions of Dollars)    Output Taxes Disposable Income Consumption Spending Saving Investment Government Aggregate Expenditure 5000 1000       750 750   7000 1000       750 750   9000 1000       750 750

Q: Which of the following statements best explains the effects of transfer payments and taxes on…

A: Disposable income = Y - TA + TR Y= income TA = taxes TR= transfer payment

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A:

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Q: what will be the consumption expenditure when the income is 14330 million and the savings are 8100…

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