Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 60+0.35Y, /= 160, G=320, T=0, X=115, IM=0.10Y. A national income of 1,100 results in desired aggregate expenditure of A. 655 B. 765 O C. 555 O D. 1,150 OE. 930 ***

Consider a simple macro model with a constant price level and demand-determined output. The equations of the model are: C = 60+0.35Y, /= 160, G=320, T=0, X=115, IM=0.10Y. A national income of 1,100 results in desired aggregate expenditure of A. 655 B. 765 O C. 555 O D. 1,150 OE. 930 ***

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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 = 60+0.35Y, /= 160, G=320, T=0, X=115, IM=0.10Y. A national income of 1,100 results in desired
aggregate expenditure of
A. 655
B. 765
O C. 555
O D. 1,150
OE. 930

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