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In light of the numbers/equations listed, which of the following is the economy's expenditure function:a) E= 1500 + 0.75*Yb) E= 1400 + 0.7*Yc) E= 1500

In light of the numbers/equations listed, which of the following is the economy's expenditure function:a) E= 1500 + 0.75*Yb) E= 1400 + 0.7*Yc) E= 1500 + 0.7*Yd) E= 1400 + 0.75*Y

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Consider an economy described by the following equations: Consumption function: C = 200 + 0.75 DI Disposable Income: DI = Y-T Taxes - Transfers: T = 1200 Investment: 900 Government spending: G = 1300 Net Exports: NX = -100

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