For the goods market of an open economy to be in equilibrium, the interest rate must be at 2% when GDP equals 120. We also know the following about consumption (C), investment (1), fiscal policy...

For the goods market of an open economy to be in equilibrium, the interest rate must be at 2% when GDP equals 120. We also know the following about consumption (C), investment (1), fiscal policy (taxes T and government expenditures G), imports (M) and exports (X) of the country:

C = 20 + b*Y_{D}

I = 44

T = 60

G = 22

M = 16

X = 32

where b is the marginal propensity to consume and Yo is net disposable income. What is the value of total consumption?

Select one:

a. 18

b. 20

C. 38

d. 120