Use the information below to answer the following questions.
Fact 27.5.2
The economy of Tinseltown has a consumption function of C = 15 + 0.7Y , investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y.
-Refer to Fact 27.5.2. What is consumption expenditure in equilibrium in this economy?
A)35.25
B)62
C)53.5
D)77
E)92

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The Answer of Use the information below to answer the following questions.
Fact 27.5.2
The economy of Tinseltown has a consumption function of C = 15 + 0.7Y , investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y.
-Refer to Fact 27.5.2. What is consumption expenditure in equilibrium in this economy?
A)35.25
B)62
C)53.5
D)77
E)92

Use the Information Below to Answer the Following Questions