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The Following Information Is for a Private Closed Economy,where Ig

Question 148

Multiple Choice

The following information is for a private closed economy,where Ig is gross investment,S is saving,and Y is gross domestic product (GDP) .
Ig = 80
S = -80 + .4Y
-Refer to the above information.In equilibrium,consumption will be:


A) $400
B) $280
C) $320
D) $360

Correct Answer:

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