Question: What does consumption equal when income equals 500? Question 1 (1 point) The chart below gives the data necessary to make a Keynesian cross diagram.

What does consumption equal when income equals 500?

What does consumption equal when income equals 500? Question 1 (1 point)

Question 1 (1 point) The chart below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.35 of national income, the MPC out of after-tax income is 0.8, investment is 110, government spending is 80, exports are 63, and imports are 0.2 of after-tax income. National After-tax Consumption |+G+X Minus Aggregate Income income Imports Expenditures 100 104 200 300 400 500 600

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