Question: Assume an economy has a consumption function of C = 0.7 (Yd) + $463.32. Additionally, this economy has investment spending $815.87. government purchases $225.1,

Assume an economy has a consumption function of C = 0.7 (Yd)

Assume an economy has a consumption function of C = 0.7 (Yd) + $463.32. Additionally, this economy has investment spending $815.87. government purchases $225.1, taxes $111.95, exports $226.31, and imports = $273.68. What is the equilibrium level of GDP based on this information? Round your answer to two digits after the decimal.

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