The Norwegian economy can be characterized by Equation 9.3.
EQUATION 9.3:
C = 100 + 0.8Yd
G = 500
T = 200
I = 200
-Refer to Equation 9.3. At the equilibrium level of output in Norway, saving equals
A) 1,660.
B) 850.
C) 630.
D) 500.
Correct Answer:
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