Question
If C = 3 and DANCE = 27, then PERFORM=
Solution
Positional value of letters in English Alphabetical Series. DANCE→ 4 + 1 + 14 + 3 + 5 = 27 Similarly, PERFORM → 16 + 5+ 18 + 6 + 15 + 18 + 13 = 91
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
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