In an economy, in a given year, I = $48,000, G = $50,000 Y = $200,000, EX = $30,000 and IM = $35,000, where I is investment, G is the government expenditure, Y is GDP, EX is exports and IM is imports. What percentage of Y is consumption (C)? Question 5 options: a) 53.50 b) 50.53 c) 52.68 d) 68.52What does the simple circular-flow diagram illustrate? Question 6 options: a) that the economy's income exceeds its expenditure b) that expenditure generates income so that income and the value of production are equal c) that factors of production "flow" from firms to households d) that money "flows" from households to firms