$$\begin{array} { | l | l | l | l | l | }
\hline \begin{array} { l }
\text { Real } \
\text { GDP }
\end{array} & C & I & G & X - M \
\hline 2500 & 1430 & 540 & 400 & 90 \
\hline 2400 & 1360 & 540 & 400 & 100 \
\hline 2300 & 1290 & 540 & 400 & 110 \
\hline 2200 & 1220 & 540 & 400 & 120 \
\hline 2100 & 1150 & 540 & 400 & 130 \
\hline
\end{array}$$
-In the above table, C is consumption expenditure, I is investment, G is government expenditure, and X - M is net exports. All entries are in dollars. The equilibrium level of real GDP is
A) $2,400.
B) $2,300.
C) $2,500.
D) $2,200.

Question

$$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Real } \
\text { GDP }
\end{array} & C & I & G & X - M \
\hline 2500 & 1430 & 540 & 400 & 90 \
\hline 2400 & 1360 & 540 & 400 & 100 \
\hline 2300 & 1290 & 540 & 400 & 110 \
\hline 2200 & 1220 & 540 & 400 & 120 \
\hline 2100 & 1150 & 540 & 400 & 130 \
\hline
\end{array}$$
-In the above table, C is consumption expenditure, I is investment, G is government expenditure, and X - M is net exports. All entries are in dollars. The equilibrium level of real GDP is
A) $2,400.
B) $2,300.
C) $2,500.
D) $2,200.

Quizplus · Accepted Answer

The equilibrium level of real GDP occurs where total spending (C + I + G + (X - M)) equals real GDP. At $2,400, total spending is 1360 + 540 + 400 + 100 = 2400, which matches the real GDP.

-In the Above Table, C Is Consumption Expenditure, I Is