Table 10.1 $$\begin{array} { | l | l | } \hline \text { Consurmpticn } & C = \$ 1.0 + 0.75 \mathrm { YD } \ \hline \text { Irvestmernt } & = \$ 1.9 \ \hline \text { Goverument purchases } & = \$ 2 \ \hline \text { Net exports } & = - \$ 0.5 \ \hline \text { Taxes } & = \$ 0 \ \hline \text { Goverument trarssfer } & \ \text { gayments } & = \$ 0 \end{array}$$ (all values are in billions of dollars) -Refer to Table 10.1.Equilibrium real GDP for this economy is equal to A) $5.75 billion. B) $12 billion. C) $17.6 billion. D) $46 billion.

Question

Quizplus · Accepted Answer

Equilibrium real GDP is given by the formula:
Y = C + I + G + NX
where C is consumption, I is investment, G is government purchases, and NX is net exports. 
Substituting the values from the table:
Y = (1.0 + 0.75YD) + 1.9 + 2 - 0.5
Solving for Y:
Y = 17.6
Therefore, the equilibrium real GDP for this economy is $17.6 billion.

Table 101 (All Values Are in Billions of Dollars) -Refer to Table

Table 101 (All Values Are in Billions of Dollars)
-Refer to Table