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Assume an economy has a consumption function of C = 0.53 (Yd) + $348.77. Additionally, this economy has investment spending = $753.31, government purchases =
Assume an economy has a consumption function of C = 0.53 (Yd) + $348.77. Additionally, this economy has investment spending = $753.31, government purchases = $204.84, taxes = $170.73, exports = $227.20, and imports = $256.78. What is the equilibrium level of GDP based on this information? Round your answer to two digits after the decimal.
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