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Points Awarded95.00Points Missed5.00Percentage95.0%1. Part 1: 20 questions worth 3 points each for a total of 60 points. FOR FILL-IN-THE-BLANK questions:If your answer is in decimal form, round to 2 decimal places. For example, if your answer is .412, enter it into the fill-in-the-blank as .41, or if your answer is 1.415, enter it into the fill-in-the-blank as 1.42. If there are no decimals in your answer, you will simply enter the number; so if your answer is 2, enter 2 with no decimals. Do not enter any extra spaces, do not enter commas or $ or % symbols. Suppose the consumption function is: C = a1Yd+ a2WRE/S + a3CC Where all the a’s (the sensitivity parameters) are greater than zero. Initial conditions: Let a1= 0.60, a2= 0.04, a3= 0.5, WRE/S = 18,000: CC = 90 Solve for C in terms of Yd.Select the correct equation below. A) C = 720 + .60 YdB) C = 765 + .60 YdC) C = 765 + .64 YdD) C = 90 + .60 YdE) None of the above are correct Table for Individual Question Feedback Points Earned: 3.0/3.0 Correct Answer(s):B 2. Use the equation you found in #1 and let Yd= 2000. C is equal to 1965. Table for Individual Question Feedback Points Earned: 3.0/3.0 Correct Answer(s):1965 3.
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