Question

Consider the following information:
Consumption (𝐶) = 250 + 0.25$𝑌_𝑑$, where $𝑌_𝑑$ is disposable income Autonomous Investment ($𝐼_0$) = 100
Government Expenditure ($𝐺_0$) = 50
Income tax rate (𝑡) = 20 percent
The equilibrium level of consumption in the economy is ____ (in integer).

Answer 1

The correct answer is :350