Use the information below to answer the following questions.
Fact 27.5.1
The economy of Beverly Hills has a consumption function of C = 10 + 0.8Y, investment equal to 6, government expenditure equal to 10, exports equal to 10, and an import function of M = 0.1Y.
-Refer to Fact 27.5.1. What is consumption expenditure in equilibrium in this economy?
A)298
B)106
C)38.8
D)114
E)none of the above

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The Answer of Use the information below to answer the following questions.
Fact 27.5.1
The economy of Beverly Hills has a consumption function of C = 10 + 0.8Y, investment equal to 6, government expenditure equal to 10, exports equal to 10, and an import function of M = 0.1Y.
-Refer to Fact 27.5.1. What is consumption expenditure in equilibrium in this economy?
A)298
B)106
C)38.8
D)114
E)none of the above

Use the Information Below to Answer the Following Questions