If S = -60 + 0.25Y and I = I₀ = 60, where S is saving, I₀ is planned investment, and Y is gross domestic product (GDP), then he equilibrium GDP in a private sector closed economy will be: A) $200. B) $320. C) $360. D) $480.

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The Answer of If S = -60 + 0.25Y and I = I₀ = 60, where S is saving, I₀ is planned investment, and Y is gross domestic product (GDP), then he equilibrium GDP in a private sector closed economy will be: A) $200. B) $320. C) $360. D) $480.