Need answer with explaination pls Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 50 + 0.35Y, I= 150, G = 290, T= 0,X= 100, IM = 0.06Y. A national income of 1,000 results in desired aggregate expenditure ofO A. 650O B. 1,000OC. 590O D. 460O E. 880

As given, C=50+0.35YI=150G=290X=100IM=0.06YTherefore, Aggregate Expenditure=C+I+G+NXwhere, NX=X-IM

Answered: Consider a simple macro model with a…

ENGR.ECONOMIC ANALYSIS

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Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C= 50 + 0.35Y, I= 150, G = 290, T=0, X= 100, IM = 0.06Y. A national income of 1,000 results in desired aggregate expenditure of O A. 650 O B. 1,000 OC. 590 O D. 460 O E. 880