Question 32 Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. All dollar figures are in billions. 1. equilibrium condition is Y = C + I 2. marginal propensity to save = 0.20 3. the autonomous part of C is $50 4. investment is autonomous and equals $25

Microeconomics A Contemporary Intro
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Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
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21-5. At the equilibrium level of national income, what is the level of
desired consumption expenditures?
a) $375
b) $68.75
c) $150
d) $350
e) $125
Transcribed Image Text:21-5. At the equilibrium level of national income, what is the level of desired consumption expenditures? a) $375 b) $68.75 c) $150 d) $350 e) $125
Question 32
Consider the following information describing an economy with
demand-determined output. There is no government or foreign trade.
All dollar figures are in billions.
1. equilibrium condition is Y = C +|
2. marginal propensity to save = 0.20
3. the autonomous part of C is $50
4. investment is autonomous and equals $25
Transcribed Image Text:Question 32 Consider the following information describing an economy with demand-determined output. There is no government or foreign trade. All dollar figures are in billions. 1. equilibrium condition is Y = C +| 2. marginal propensity to save = 0.20 3. the autonomous part of C is $50 4. investment is autonomous and equals $25
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