In a closed economy (no imports or exports), Aggregate Expenditure 'AE' is defined as the sum of Consumption Expenditure 'C', Investment Expenditure 'I' and Government Expenditure 'G' or
AE = C + I + G
In equilibrium, Income 'Y' is equal to 'AE'.
1. If Y = $1265, C = $660, and I = $325, solve for G.
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