Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. 1. the equilibrium condition is Y=C+/ 2. the marginal propensity to save = 0.40 3. the autonomous part of C is $53 4. investment is autonomous and equals $40 The equilibrium level of national income is OA. $233. OB. $155. O C. $53. O D. $186.65. O E. $193. ***

Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. 1. the equilibrium condition is Y=C+/ 2. the marginal propensity to save = 0.40 3. the autonomous part of C is $53 4. investment is autonomous and equals $40 The equilibrium level of national income is OA. $233. OB. $155. O C. $53. O D. $186.65. O E. $193. ***

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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