Use the following information to answer questions 3, 4, and 5.

A closed economy has income Y = $1000.T is $150.Government spending, G, is $200. Investment, I, is equal to $250.

Hint;look at the circular flow diagram closed, on MOLE right above this quiz.Remember investment is equal to total saving, and total savings is equal to public savings plus private savings.

Question :

What is C consumption in this closed economy?Show two independent ways to compute it, first, just from the information in the problem and second from information in the problem and information you have generated (1 point for each method)