The table given below shows the levels of national income (Y) and the corresponding levels of saving (S) , investment (I) , export (X) , and import (M) of an open economy.
Table 10.2
-Consider the economy described in Table 10.2. Calculate the level of consumption spending when the economy is in equilibrium.
A) $4,425
B) $4,010
C) $4,050
D) $5,175
E) $4,800
Correct Answer:
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