Where I is planned investment, S is saving, and Y is gross domestic product (GDP).
I = I 0 = 80 (6.3)
S = -80 + .4Y (6.4)
-Refer to equations (6.3) and (6.4). The equilibrium consumption in a private sector closed economy will be:
A) $400.
B) $280.
C) $320.
D) $360.

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The Answer of Where I is planned investment, S is saving, and Y is gross domestic product (GDP).
I = I 0 = 80 (6.3)
S = -80 + .4Y (6.4)
-Refer to equations (6.3) and (6.4). The equilibrium consumption in a private sector closed economy will be:
A) $400.
B) $280.
C) $320.
D) $360.

Where I Is Planned Investment, S Is Saving, and Y